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  2. Commercial mortgage-backed security - Wikipedia

    en.wikipedia.org/wiki/Commercial_mortgage-backed...

    Commercial mortgages often contain lockout provisions (typically a period of 1–5 years [2] where there can be no prepayment of the loan) which they can be subject to defeasance, yield maintenance and prepayment penalties to protect bondholders. European CMBS issues typically have less prepayment protection.

  3. Fixed-price contract - Wikipedia

    en.wikipedia.org/wiki/Fixed-price_contract

    According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Economic Price Adjustment Contract (FPEPA) is a "fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decrease) for special commodities".

  4. Area yield options contract - Wikipedia

    en.wikipedia.org/wiki/Area_yield_options_contract

    An area yield options contract is a contract entitling the holder to receive a payment when the area yield is below the put or above the call option strike yield. The strike yield is the yield at which the holder of an option contract can exercise the option .

  5. Defeasance - Wikipedia

    en.wikipedia.org/wiki/Defeasance

    Defeasance (or defeazance) (French: défaire, to undo), in law, is an instrument which defeats the force or operation of some other deed or estate; as distinguished from condition, that which in the same deed is called a condition is a defeasance in another deed. [1] The term is used in several contexts in finance, including: [2]

  6. Take-or-pay contract - Wikipedia

    en.wikipedia.org/wiki/Take-or-pay_contract

    A take-or-pay contract, or a take-or-pay clause within a contract, is a payment obligation agreed between a business customer and its supplier. With this kind of contract, the customer either takes the product from the supplier or pays the supplier a penalty. For any product the company takes, it agrees to pay the supplier a certain price, say ...

  7. Cost-plus contract - Wikipedia

    en.wikipedia.org/wiki/Cost-plus_contract

    A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...

  8. Management contract - Wikipedia

    en.wikipedia.org/wiki/Management_contract

    Hotel management contract is a written agreement between the owner and the operator of the hotel. The base of this relationship is that the operator handles the day-to-day working of the hotel and takes up all the additional responsibilities such as maintenance, front office, housekeeping, handling food and beverages and sale.

  9. Investors Compensation Scheme Ltd v West Bromwich Building ...

    en.wikipedia.org/wiki/Investors_Compensation...

    Accordingly, to get the compensation investors signed a contract to assign their claims to ICS. But in section 3(b) of the claim form the assignment excluded ‘Any claim (whether sounding in rescission for undue influence or otherwise) that you have or may have against the West Bromwich Building Society’, so that investors could still sue on ...

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