binder

Said to be synonymous with insurance policy. Red Cab Co. v St. Paul Mercury Indem. Co. (CA7 Ind) 98 F2d 189; but better defined as a written instrument, sometimes called a binding slip or interim receipt, used when an insurance policy cannot be issued immediately; to evidence that the insurance coverage attaches at a specified time and continues until the policy is issued or the risk is declined and notice thereof given; a written memorandum of the most important terms of a preliminary contract of insurance intended to give temporary protection to the owner pending the investigation by the company or until the issuance of a formal policy. Sherri v National Surety Co. 243 NY 266, 270, 153 NE 70. Life, health, and accident insurance companies have devised and used a form of binder, called a binding receipt or conditional receipt, which actually does not bind the insurance company absolutely to protect the risk pending the issuance of a policy, but is conditioned upon the approval of the application, the issuance and delivery of a policy, or similar condition. 29 Am J Rev ed Ins § 208.

Ballentine's law dictionary. . 1998.

Synonyms:

Look at other dictionaries:

  • binder — bind·er / bīn dər/ n 1: a temporary insurance contract that provides coverage until the policy is issued 2: a receipt for money paid to the owner of real estate or to the owner s agent to secure the right to purchase the real estate upon agreed… …   Law dictionary

  • Binder+Co — AG Rechtsform Aktiengesellschaft ISIN AT000BINDER3 Gründung …   Deutsch Wikipedia

  • binder — BÍNDER s.n. Strat de beton asfaltic folosit ca strat de legătură între fundaţia unui drum şi stratul de uzură, ca fundaţie la trotuarele de asfalt etc. – Din germ. Binder. Trimis de paula, 21.06.2002. Sursa: DEX 98  bínder s. n. Trimis de siveco …   Dicționar Român

  • Binder — steht für: Binder (Baddeckenstedt), ein Ortsteil der Gemeinde Baddeckenstedt im Landkreis Wolfenbüttel, Niedersachsen Binder (Familienname), der Familienname Binder Binder (Tragwerk), horizontales Konstruktionselement im Bauwesen Binder+Co, ein… …   Deutsch Wikipedia

  • Binder — Bind er, n. 1. One who binds; as, a binder of sheaves; one whose trade is to bind; as, a binder of books. [1913 Webster] 2. Anything that binds, as a fillet, cord, rope, or band; a bandage; esp. the principal piece of timber intended to bind… …   The Collaborative International Dictionary of English

  • Binder — Binder, früher verehlichte von der Klogen, geborne Meyer, eine der anmuthigsten Bühnenerscheinungen neuerer Zeit, wurde 1801 zu Schleßwig geboren, wo ihre Mutter (eine ausgezeichnete Schauspielerin) am Hoftheater engagirt war. Ihren ersten… …   Damen Conversations Lexikon

  • Binder — Binder,der:1.〈landwirtschaftl.Maschine〉Bindemäher·Mähbinder–2.⇨Krawatte(1) Binder→Krawatte …   Das Wörterbuch der Synonyme

  • Binder — BINDER, or BINDING WARP The back warp of double cloths. The interior warp of pile fabrics, used to bind the pile threads together. These warps also impart strength and stiffness to the fabrics, especially when used in costume cloths of wool or… …   Dictionary of the English textile terms

  • binder — [bīn′dər] n. 1. a person who binds; specif., a bookbinder 2. a thing that binds or holds together; specif., a) a band, cord, etc. b) a material that binds things together [tar is a binder for gravel in paving] c) a detachable cover with rings or… …   English World dictionary

  • Binder — Binder. См. Связующее вещество. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • Binder [1] — Binder, 1) ein Stein, der mit seiner Länge nach der Tiefe der Mauer gelegt wird. Eine Schicht B. heißt Streckschicht, zum Gegensatz von Laufschicht (deren Steine, Läufer, nach der Länge der Mauer laufen); 2) so v.w. Fußstein; 3) das Paar Sparren …   Pierer's Universal-Lexikon

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