Termination of contract

 

Meaning of the word: Termination of contract

Termination of contract is a process, when void a contract between the insurer and the policyholder. For example, the contract may disappear spontaneously at the expiry of the insurance period, however, it can also disappear for violation of the conditions of one of cooperated partners.

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Collection

The collection means debt collection. This expression is usually used to indicate auto-collection, which is useful payment instrument, when the…

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