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Term of the Day
binding
purchase order
indicative price
Definition
adjective
being a
legal
requirement that someone does something
Examples
a binding contract • This document is not legally binding.
Usage
the agreement is binding on all
parties
all
parties
signing it must do what is
agreed
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Popular 'Banking' Terms
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Related Terms
interpretive letter
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letter of last instructions
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Mentioned in these terms
conditional binding receipt
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