Breach of contract


 

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Breach of contract

The failure to perform provisions of a contract without a legal excuse.



Breach of contract

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Unilateral Contract

Unilateral Contract

A contract under which one party expressly makes a promise, the other party, although making no reciprocal promise, may be obligated by law or may have already given consideration.


Contract curve

Contract curve

1. In an Edgeworth Box for consumption, the allocations of 2 goods to 2 consumer that are Pareto efficient. Starting with an allocation that may not be on the contract curve, it shows the ways that the consumers might contract to exchange the goods with each other. 2. In an Edgeworth Box for production, this name is sometimes also used for the efficiency locus.


Contract month

Contract month

The month in which futures contracts may be satisfied by making or accepting a delivery.


Guaranteed investment contract (GIC)

Guaranteed investment contract (GIC)

 A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment.


Contract size

Contract size

The minimum amount of a commodity or financial instrument which can be traded in a futures or option market. Also known as a lot size.


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