Knock Down


 

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Knock Down

Any parts of a building which can be easily assembled, installed, or removed, such as certain types of window frames, partitions, etc.



Knock Down

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Knock out option

Knock out option

An option that- is worthless at expiration if the underlying commodity or currency price reaches a specific price level.


Knock for knock agreement

Knock for knock agreement

Although it currently rarely applies, this is a motor insurance term describing an agreement between insurance companies where each pays the claims of its own clients following an accident. This principle applies irrespective of blame and seeks to save time and expense. One of the parties involved in such circumstances may however seek to sue the other and if successful may claim from the other's insurers.




 
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