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  2. Contract of sale - Wikipedia

    en.wikipedia.org/wiki/Contract_of_sale

    In the United States, according to the Uniform Commercial Code Article 2, the contract of sale can be formed in different ways: (1) offer and acceptance, where a sale begins with an offer and acceptance; (2) firm offers, where a merchant's written offer remains open for a specified time; and (3) battle of the forms, where conflicting terms in ...

  3. 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.

  4. 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]

  5. Uniform Mechanical Code - Wikipedia

    en.wikipedia.org/wiki/Uniform_Mechanical_Code

    The Uniform Mechanical Code (UMC) is a model code developed by the International Association of Plumbing and Mechanical Officials to govern the installation, inspection and maintenance of HVAC (heating, ventilating and air-conditioning) and refrigeration systems. It is designated as an American National Standard.

  6. 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.

  7. International Mechanical Code - Wikipedia

    en.wikipedia.org/wiki/International_Mechanical_Code

    The International Mechanical Code (IMC) is a convention concentrating on the safety of heating, ventilation, and air conditioning systems. It is published by the International Code Council (ICC) through the governmental consensus process and is updated on a three-year cycle to include the latest advances in technology and safest mechanical practices.

  8. Time and materials - Wikipedia

    en.wikipedia.org/wiki/Time_and_materials

    Time and materials (T&M) is a standard phrase in a contract for construction, product development, or any other piece of work in which the employer agrees to pay the contractor based upon the time spent by the contractor's employees and the subcontractors' employees to perform the work, and for materials used in the construction, plus the contractor's markup on the materials used, no matter ...

  9. Forward price - Wikipedia

    en.wikipedia.org/wiki/Forward_price

    The forward price (or sometimes forward rate) is the agreed upon price of an asset in a forward contract. [1] [2] Using the rational pricing assumption, for a forward contract on an underlying asset that is tradeable, the forward price can be expressed in terms of the spot price and any dividends. For forwards on non-tradeables, pricing the ...