binder

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Binder

A written document that records the essential provisions of a contract of insurance and temporarily protects the insured until an insurance company has investigated the risks to be covered, or until a formal policy is issued.

A receipt for cash or for a check that is deposited by a prospective buyer with the seller to secure the right to purchase real estate at terms that have been agreed upon by both buyer and seller.

binder

n. a written statement of the key terms of an agreement, in particular insurance policies, so that the insured as well as lenders can be assured there is valid and adequate insurance coverage. (See: insurance)

binder

noun assurance, caution money, collateral, collateral security, deposit, earnest, escrow, expense outlay, gage, guaranty, handsel, indemnity, installment, investment, payment, pledge, receipt, receipt for payment, security, stake, token, token payment
Associated concepts: binder receipt, insurance binder, real essate binder
See also: connection
References in periodicals archive ?
The Superpave[TM] (Superior Performing Asphalt Pavements) specification warns about the need to work with modified asphalt binders to achieve adequate performance for high traffic highways.
Soteras CCS binders are electrolyte insoluble and work effectively with single- and multi-layer separators.
There are a lot of tutorials to make your own binder, and also shops online that make custom binders.
These advances, coupled with improvements in tint retention and dirt pick-up resistance, have significantly raised the bar on exterior coating performance and consumer expectations, but have been complicated by the drive to low- and no-VOC-capable binders.
Agents authorized to execute written binders sometimes have authority to make an oral binder.
By using IPMS and selecting the right additional raw materials, Evonik can adapt coating binders to the needs of its customers.
In Europe, however, such a high level of binder modification is typically not accomplished, but more popular is application of hard binder (typically due to oxidization process) with penetration of 20-50 at 25[degrees]C; binders with such a penetration can be compared to Superpave PG 82 binders (Eurobitume 2011).
IN THIS article the effects of a new breast binder technology on post breast operation patients will be evaluated in comparison with the conventional crepe bandage.
Polymer modified binders, such as Superpave PG 76-22, have been used extensively on high volume highways to improve rutting and cracking performance.
He added that the binders "were liked [and] well tolerated, and patient compliance was 100%.
Test results on binders extracted and recovered from the plant-produced mixes showed that as the RAP content in the mixture increased, the high-temperature grade of the recovered binder also increased, but only by a few degrees (5.