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Knock for knock agreement |
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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. TRIPs AgreementTRIPs AgreementThe agreement negotiated in the Uruguay Round that incorporated issues of intellectual property into the WTO. It provides a set of minimum standards for intellectual property protection to which all but the poorest member countries of the WTO must conform. Double tax agreementDouble tax agreementAgreement between two countries that taxes paid abroad can be offset against domestic taxes levied on foreign dividends. ABC agreementABC agreementA contract between an employee and a brokerage firm outlining the rights of the firm purchasing an NYSE membership for that employee. Revolving credit agreementRevolving credit agreementA legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period. Further SuggestionsNote agreementGeneral Agreement on Trade in Services Franchise agreement Schengen Agreement Lease purchase agreement Subscription agreement Preferred stock agreement Reciprocal trade agreement Tolling agreement General Agreement on Tariffs and Trade (GATT) Standby agreement Subordination Agreement European Monetary Agreement Bond agreement Buttonwood Agreement General Agreement on Tariffs and Trade Investment agreement Standstill agreement Multilateral agreement General Agreement on Tariffs and Trade tenancy agreement Agreement in principle Commodity agreement Bilateral agreement Agriculture Agreement |
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