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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FROM DICTIONARY
Contractual penalty
Contractual penalty is a penalty that is listed directly in the contract between the client and the bank institutions. As for sanctions, the bank may…
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