conditional receipt

conditional receipt
See conditional binding receipt.

Ballentine's law dictionary. . 1998.

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  • conditional receipt — noun : binding receipt …   Useful english dictionary

  • Conditional Binding Receipt — A receipt involved in life, health and certain property insurance contracts; if the insured is deemed to be covered by the insurer, the coverage begins on the date the insured receives the conditional binding receipt. Typically, a premium payment …   Investment dictionary

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  • conditional binding receipt — A term familiar in the law of life insurance, which means temporary coverage upon condition of the ultimate approval of the application. 29 Am J Rev ed Ins §§ 208, 209 …   Ballentine's law dictionary

  • binder — Said to be synonymous with insurance policy. Red Cab Co. v St. Paul Mercury Indem. Co. (CA7 Ind) 98 F2d 189; but better defined as a written instrument, sometimes called a binding slip or interim receipt, used when an insurance policy cannot be… …   Ballentine's law dictionary

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