binder

binder
bind·er /'bīn-dər/ n
1: a temporary insurance contract that provides coverage until the policy is issued
2: a receipt for money paid to the owner of real estate or to the owner's agent to secure the right to purchase the real estate upon agreed terms; also: the money itself

Merriam-Webster’s Dictionary of Law. . 1996.

binder
I noun assurance, caution money, collateral, collateral security, deposit, earnest, escrow, expense outlay, gage, guaranty, handsel, indemnity, installment, investment, payment, pledge, receipt, receipt for payment, recognizance, security, stake, token, token payment associated concepts: binder receipt, insurance binder, real estate binder II index connection (fastening)

Burton's Legal Thesaurus. . 2006


binder
n.
(1) A written agreement in which an insurer promises to cover a prospective insured between the time of application for a policy and when the policy is actually issued.
(2) A written document summarizing the key terms of a preliminary contract.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


binder
A temporary insurance contract that provides insurance coverage while the permanent policy is being prepared.
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.


binder
n.
1 A document giving a person temporary insurance coverage until her application for insurance is rejected or until the insurance policy is issued.
2 A document in which the parties to a sale of real property declare their intention to transfer ownership of the property. The document usually includes a memorandum of the important points of the parties' contract and is usually accompanied by the buyer's first payment.
3 The buyer's first payment toward the purchase of real property.
See also earnest money.

Webster's New World Law Dictionary. . 2000.


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.

Dictionary from West's Encyclopedia of American Law. 2005.


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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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 also: insurance

Law dictionary. . 2013.

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Synonyms:
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Look at other dictionaries:

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  • Binder — Bind er, n. 1. One who binds; as, a binder of sheaves; one whose trade is to bind; as, a binder of books. [1913 Webster] 2. Anything that binds, as a fillet, cord, rope, or band; a bandage; esp. the principal piece of timber intended to bind… …   The Collaborative International Dictionary of English

  • Binder — Binder, früher verehlichte von der Klogen, geborne Meyer, eine der anmuthigsten Bühnenerscheinungen neuerer Zeit, wurde 1801 zu Schleßwig geboren, wo ihre Mutter (eine ausgezeichnete Schauspielerin) am Hoftheater engagirt war. Ihren ersten… …   Damen Conversations Lexikon

  • Binder — Binder,der:1.〈landwirtschaftl.Maschine〉Bindemäher·Mähbinder–2.⇨Krawatte(1) Binder→Krawatte …   Das Wörterbuch der Synonyme

  • binder — [bīn′dər] n. 1. a person who binds; specif., a bookbinder 2. a thing that binds or holds together; specif., a) a band, cord, etc. b) a material that binds things together [tar is a binder for gravel in paving] c) a detachable cover with rings or… …   English World dictionary

  • Binder — Binder. См. Связующее вещество. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • Binder [1] — Binder, 1) ein Stein, der mit seiner Länge nach der Tiefe der Mauer gelegt wird. Eine Schicht B. heißt Streckschicht, zum Gegensatz von Laufschicht (deren Steine, Läufer, nach der Länge der Mauer laufen); 2) so v.w. Fußstein; 3) das Paar Sparren …   Pierer's Universal-Lexikon

  • Binder [2] — Binder, 1) Sebastian, geb. 1800 im Österreichischen, ging zum Theater an der Wien, später an das Kärnthnerthortheater, als erster Tenorist an das Ständetheater zu Prag, u. wieder nach Wien zur großen Oper, verließ später das Theater u. errichtete …   Pierer's Universal-Lexikon

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