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{{g}}''Continental; rare'': 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 opinon]].
{{g}}''Continental; rare'': 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 opinon]].


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Revision as of 16:13, 25 June 2019

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


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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 opinon.

See also

Civil law Netting opinion

References

  1. 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.