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 ?
Feed Binders Market is projected to propel by increasing awareness regarding available benefits to livestock animals from the feed binders.
"Binders of other contracts for temporary insurance may be made, orally or in writing.
Results indicate a considerable decrease in accumulated strain for the NC-modified binders. An amount of 8% of NC decreases the accumulated strain of the base binder from 1.7% to 0.4% over a 10-cycle period under a 100 Pa shear stress.
Little, "Effect of warm mix additives on the interfacial bonding characteristics of asphalt binders," International Journal of Pavement Engineering, pp.
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.
Solteras CCS binders comprise a two-component coating system that is compatible with typical coating processes, and results in good lithium ion permeability while minimizing negative effects on cell electrochemistry (cycling or rate study).
Following are some tips for buying, wearing, and caring for a binder.
A new low-VOC-capable, high-solids binder meets a longstanding need for adhesion and durability across multiple substrates; offers a performance profile that is similar to the highest performing low-VOC-capable, low-solids commercial binder; and offers enhanced performance compared to other high-solids binders in the marketplace with regard to exterior durability.
Agents authorized to execute written binders sometimes have authority to make an oral binder.
Evonik Industries has developed an industrial-scale method for producing silanemodified binders for automotive finishes.
In the USA, in order to stiffen upper PG and produce economically attractive binders, non-polymer based modifiers started to be used.