insurance buy-sell agreement
insurance buy-sell agreement 保险型买卖契约 指通过购买寿险保单的方式，当合伙人过世时以寿险给付金购买过世合伙人的股份的协议。
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waterborne agreement
waterborne agreement 水面协议 为英国保险人就货物运输战争险保险期间签订的一项协议：只有当货物装载于海轮期间遭受战争险责任范围内的损失时，保险人才予以赔偿。
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recede
recede, vb. (Of a house in a bicameral legislature) to withdraw from an amendment in which the other house has not concurred. See CONCUR(3). “A vote to recede from amendments constitutes a final passage of the bill without the amendments from which the house has receded, since both houses have then agreed to the bill
consolidation
consolidation, n. 1. The act or process of uniting; the state of being united. 2. Legislation. The combination into a single statutory measure of various legislative provisions that have previously been scattered in different statutes. 3. Civil procedure. The court-ordered unification of two or more actions, involving the same parties and issues, into a single
interstate compact
A voluntary agreement between states enacted into law in the participating states upon federal congressional approval. Cf. INTERSTATE AGREEMENT. [Cases: States 6. C.J.S. States §§ 31–32, 143.]
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submission of controversy
submission of controversy. A statutory action in which the parties submit their dispute to a court that has jurisdiction, agree on and sign a statement of facts, swear that the controversy is real, and swear that the suit is brought in good faith.
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fixed price contract
A contract in which the buyer agrees to pay the seller a definite and predetermined price regardless of increases in the seller’s cost or the buyer’s ability to acquire the same goods in the market at a lower price. [Cases: Sales 77. C.J.S. Sales §§ 26, 96–98.]
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arm’s length price
The price at which two unrelated, unaffiliated, and nondesperate parties would freely agree to do business. See arm’s-length transaction under TRANSACTION; fair market value under VALUE.
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near
near, adv. & adj. 1. Close to; not far away, as a measure of distance (the neighbors’ houses are near one another). 2. Almost; close in degree (a near miss). 3. Closely tied by blood (my brother is a near relative). 4. Familiar; intimate (a near friend).