Other Free Encyclopedias » Law Library - American Law and Legal Information » Free Legal Encyclopedia: Bill of Particulars to William Benson Bryant

Binder

buyer insurance seller

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.

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