Defi- nition Clause Samples
A Definition clause establishes the precise meanings of key terms used throughout a contract or agreement. It typically lists important words or phrases and assigns them specific interpretations, ensuring that all parties understand exactly what is meant when those terms appear in the document. By clarifying terminology, this clause eliminates ambiguity and reduces the risk of misunderstandings or disputes over language.
Defi- nition. An eligible agreement vessel, which may be used to establish ceilings for deposit purposes, is any vessel:
Defi- nition. A n eligible a g r ee m e n t vessel, w h ic h m ay be u sed t o es t a blis h ceili n gs fo r deposi t p ur poses, is any vessel: