Cancellation clause
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  Cancellation clause



Cancellation clause

   A provision in a contract (e.g., lease) that confers the ability of one in the lease to terminate the party's obligations.

RELATED TERMS
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Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.

Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).



SIMILAR TERMS
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Canceling escrow
Providing written notification that an escrow is to be terminated.



PREVIOUS AND NEXT TERMS
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Call option
The lender can demand the mortgage be paid back by the end of a specified period for any reason.

Cal-vet
A program to help eligible California Veterans finance the purchase of farms and ranches within the state.

Camping membership
A term related to time-shares, used for a membership to a resort or resort community catering to campers, some of which are affiliated with national organizations providing camping locations for members in many states and other countries.

Can lights
Cylindrical chambers with bulbs recessed into the ceiling.

Canceling escrow
Providing written notification that an escrow is to be terminated.

Cancellation clause

Canopy
A hood or cover usually over a cook top or open fire

Cantilever
A projecting structure supported on one end, such as a balcony.

Cap
A limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease.

Cap and collar mortgage
Not only is a maximum rate of interest set but a minimum rate too.

Capacity of parties
The legal ability of people or organizations to enter into a valid contract.

This dictionary contains 6433 terms.
      












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