Implied
81Implied Authority — An agent with the jurisdiction to perform acts which are reasonably necessary to accomplish the purpose of an organization. Under contract law, implied authority figures have the ability to make a legally binding contract on behalf of another… …
82Implied Call — A right given to mortgage borrowers that allows them to call or pay back a loan at any time. The call is implied, as it is included in most mortgages unless specified otherwise. The implied call allows a borrower to refinance a mortgage when… …
83Implied Warranty — Under a sales contract, whether written or oral, there is a guarantee that the item sold is merchantable and fit for the purpose intended. This guarantee arises by operation of law and is in addition to any expressed warranties that are provided… …
84Implied heat rate — A calculation of the day ahead electric price divided by the day ahead natural gas price. Implied heat rate is also known as the ‘break even natural gas market heat rate,’ because only a natural gas generator with an operating heat rate… …
85implied contract — /ɪmˈplaɪd kɒntrækt/ (say im pluyd kontrakt) noun a contract not based on express words but arising from other circumstances. Also, implied promise, implied term …
86implied agreement — (1) Implied in fact. One inferred from the acts or conduct of the parties, instead of being expressed by them in written or spoken words. (2) Implied in law; more aptly termed a constructive or quasi contract. One where, by fiction of law, a… …
87implied agreement — (1) Implied in fact. One inferred from the acts or conduct of the parties, instead of being expressed by them in written or spoken words. (2) Implied in law; more aptly termed a constructive or quasi contract. One where, by fiction of law, a… …
88implied license — A license to perform an act or acts upon the land of another existing by virtue of acquiescence of the owner or inferred from the acts of the parties, their relations with each other, from custom, or from the habits of the country, but giving the …
89implied permission — See implied license; implied permission to use motor vehicle …
90implied tenancy — See implied lease; implied tenancy at will …
