# Financial contract

- Canonical URL: https://www.gerhardmerk.de/financial-contract
- Post ID: 588561
- Modified: 2023-07-25T21:01:14+00:00
- Language: en

## Definition

Generally, any contract that gives both parties mutual unconditional or conditional rights to immediate and/or subsequent payment. - A subform is the insurance contract. Here, one party (insurer, insurance underwriter) promises a later payment to the other party (policyholder, insuree), who in return pays a premium immediately. This payment is conditional in that it is payable only upon the occurrence of a pre-specified event. - See financial product, risk, transaction, insurance contract. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1