The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Index — Click the ᐅ to expand:
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.

Adjective; Continental; rare:

Of a civil law contract, having the legal qualities of a common law contract; namely, legally binding mutual obligations in which each party to the contract is bound to provide something to the other party. [1] Seemingly a bit uncalled-for, but expect to see this kind of chatter in a continental netting opinion, which is of course basically a working definition of “uncalled for”.

See also

Civil law Netting opinion

References

  1. Yes, I know, that is the definition of a legal contract. They do things differently in the low countries. Don’t ask.