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14 Cards in this Set
- Front
- Back
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annual |
happening once a year |
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initial |
in the beginning |
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renew |
to extend the time period for something like a contract |
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reference |
someone who recommends another person |
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terminate |
to bring to an end |
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binding |
creating a legal obligation to do something |
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liability |
a legal responsibility for something, especially costs |
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default |
fail to pay a debt |
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grace period |
a set period of time in witch a debt can be paid without having extra interest of fees added to it |
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surrender |
to give up the rights to something before the original time that was agreed upon |
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lien |
a legal claim on someone's property as security for that person's debt |
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title |
the legal right to own property |
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stipulation |
a condition demand or term in an agreement or contract |
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terms |
the requirements stated in an agreement or contract |
