|
|
Knock for knock agreement |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Knock for knock agreementAlthough 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.Similar MatchesSmithsonian AgreementSmithsonian AgreementA revision to the Bretton Woods international monetary system that was signed at the Smithsonian Institution in Washington, D.C., in December 1971. Included were a new set of par values, widened bands to +/- 2.25% of par, and an increase in the official value of gold to US$38.00 per ounce. Double tax agreementDouble tax agreementAgreement between two countries that taxes paid abroad can be offset against domestic taxes levied on foreign dividends. Agriculture AgreementAgriculture AgreementThe agreement within the WTO that commits member governments to improve market access and reduce trade-distorting subsidies in agriculture. Fiscal agency agreementFiscal agency agreementAn alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as a representative of the borrower. Preferred stock agreementPreferred stock agreementA contract for preferred stock. Further SuggestionsGeneral Agreement on Tariffs and Trade (GATT)Option agreement Purchase agreement Underwriting agreement Schengen Agreement Revolving credit agreement Note agreement Forward rate agreement (FRA) Concession agreement Investment agreement Buttonwood Agreement Standstill agreement Standby agreement Canada-US Free Trade Agreement Raw material supply agreement Cash deficiency agreement European Monetary Agreement General Agreement on Tariffs and Trade mortgage agreement in principle Bretton Woods Agreement Plan agreement Subordination Agreement Agreement in principle Commodity agreement Subscription agreement |
|
|
|