| 单词 | aleatory contract |
| 释义 | aleatory contract noun[C] ukusINSURANCE,FINANCE,LAW anagreementthat isconnectedwith aneventthat is not under someone'scontrol, that may or may nothappen, and of which theresultisuncertain. Mostinsuranceagreementsandderivatives(=financialproductsbasedon thevalueof anotherasset)are aleatorycontracts: The mostcommontypeof aleatorycontractis aninsurancepolicy, in which aninsurancecompanymust makepaymentonly after afortuitousevent, such as afire,occurs. Examplesofaleatory contractaleatory contract Analeatorycontract, therefore, was made, the uncertainties being the amount of the income of the office and the length of life of the purchaser. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.The most common type ofaleatorycontractis an insurance policy. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Many modern forms of derivatives and options may in some cases also be considered aleatory contracts. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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