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词汇 aleatory-contract
释义 aleatory contract
noun[ C ]
ukus
INSURANCE, FINANCE, LAW
an agreement that is connected with an event that is not under someone's control , that may or may not happen, and of which the result is uncertain. Most insurance agreements and derivatives(= financial products based on the value of another asset) are aleatory contracts:
The most common type of aleatory contract is an insurance policy, in which an insurance company must make payment only after a fortuitous event, such as a fire, occurs.

Examples of aleatory contract


aleatory contract
An aleatorycontract, therefore, was made, the uncertainties being the amount of the income of the office and the length of life of the purchaser.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
The most common type of aleatorycontract is an insurance policy.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
Many modern forms of derivatives and options may in some cases also be considered aleatory contracts.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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