Synallagmatic: Difference between revisions

Revision as of 16:13, 25 June 2019

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

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Adjective; Continental; rare:

Of a civil law contract, having the legal qualities of a common law contract^[1] But expect to see this kind of chatter in a continental netting opinion.

↑ namely, legally binding mutual obligations in which each party to the contract is bound to provide something to the other party. Yes, I know, that is the definition of a legal contract. They do things differently in the low countries. Don’t ask.

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	{{g}}''Continental; rare'':<br>		{{g}}''[[Adjective]]; Continental; rare'':<br>

	Of a [[civil law]] {{t\|contract}}, having the legal qualities of a [[common law]] {{t\|contract}}<ref>namely, legally binding mutual obligations in which each party to the contract is bound to provide something to the other party. Yes, I know, that is the definition of a legal contract. They do things differently in the low countries. Don’t ask.</ref> But expect to see this kind of chatter in a continental [[netting opinion]].		Of a [[civil law]] {{t\|contract}}, having the legal qualities of a [[common law]] {{t\|contract}}<ref>namely, legally binding mutual obligations in which each party to the contract is bound to provide something to the other party. Yes, I know, that is the definition of a legal contract. They do things differently in the low countries. Don’t ask.</ref> But expect to see this kind of chatter in a continental [[netting opinion]].