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Term of the Day
contractual obligation
timing option
legal entity
Definition
noun
something that a
person
is legally forced to do through having signed a
contract
to do
Usage
to
fulfil
your
contractual
obligations
to do what you have
agreed
to do in a contract
Usage
he is under no contractual
obligation
to
buy
he has signed no agreement to buy
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Popular 'Banking' Terms
negotiable
letter of credit
bank draft
bank
commercial bank
account
overdraft protection
compound interest
overdraft
lockbox
Related Terms
good faith
partial delivery
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