Synallagmatic

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Continental; rare: Of a civil law contract, having the legal qualities of a common law 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 opinon.

See also

Civil law Netting opinion