Synallagmatic

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

Index — Click the ᐅ to expand: Glossary

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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 opinion.

References

↑ 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.