Description of Terms Sample Clauses

The Description of Terms clause defines the specific meanings of key words and phrases used throughout the contract. It typically lists important terms and provides clear, precise definitions to avoid ambiguity, ensuring that all parties interpret the language in the same way. For example, it may clarify whether "business day" excludes public holidays or specify what constitutes "confidential information." This clause's core function is to promote clarity and prevent misunderstandings by establishing a common understanding of terminology used in the agreement.
Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage. 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them. 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home purchase, remodeling a home, a car purchase, education, medical expenses, etc.  $50,000 and under  $50,001-100,000  $100,001-250,000  $250,001-500,000  Over $500,000  $50,000 and under  $50,001-100,000  $100,001-250,000  Over $250,000 (Check one)  Less than 1/3 of my financial portfolio Special Expense: _  Roughly1/3 to 2/3 of my financial portfolio  More than 2/3 of my financial portfolio  Within 2 years  3-5 years  6-10 years  11 years or more  Under 3 years  3-5 years  6-10 years  11-20 years  Over 20 years  Unknown  Generate income for current or future expenses  Income from Earnings  Partially fund my retirement  Investments/ Transfer from Brokerage Account  Wholly fund my retirement  Gift  Steadily accumulate wealth over the long termSale of Business or Real Estate  Preserve wealth and pass it on to my heirs  Inheritance  Pay for educational expenses  Pension/ IRA/ Retirement Savings  Market speculation  Spouse/ Parent/ Relative  Other: Legal/ Insurance Settlement  Lottery/Gaming Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (Use additional pages if needed) Investment Type/Description Firm Holding Your Investment Amount of Investment $ $ $
Description of Terms. Landlord does hereby lease to Tenant an apartment having a street address of , located in Columbia, Boone County, Missouri (the “Premises”); to be used by Tenant as a private dwelling for the term of 11 months and 25 days, commencing not before 1:00 p.m. on and ending at 9:00 a.m. on , both dates inclusive.
Description of Terms. Standard Pricing: SML is offered in three different tiers with different terms for utilization. The standard price and technical specifications for each tier are described here. Number “Users” Allowed Per Account: The number of users per account are described here. Users may not share their passwords or usernames with third parties to enable them access to the offering. Technical Specifications for Different SML Pricing Tiers Per Account: A table summarizing the technical specifications per SML account is presented here, for different subscription tiers: SML Technical Specifications per Account SML Subscription Tier Trial (Free) Individual Team Business
Description of Terms. 1) As used in this Vacancy Condition, the term building and the term vacant have the following meanings: a) When this Policy is issued to a tenant, and with respect to that tenant's interest in Covered Property, building means the unit or suite rented or leased to the tenant. Such building is vacant when it does not contain enough business personal property to conduct customary operations. b) When this Policy is issued to the owner or general ▇▇▇▇▇▇ of a building, building means the entire building. Such building is vacant unless at least 31% of its total square footage is: i. Rented to a lessee or sub lessee and used by the lessee or sub lessee to conduct its customary operations; or ii. Used by the building owner to conduct customary operations. 2) Buildings under construction or renovation are not considered vacant.
Description of Terms. The terms and abbreviations used in the Enforcement Response Guide are defined below. Additional information can be found in Appendix I of this document defining the enforcement responses. WAW4 WW EROV4<IOI ScuNnn Sewer AtKhnrifyll I I fVclrcalmcnlOrJimrweU'inal Ronlulion (Jamior)r 2fX)8iVEnforecfHcn( Rc^pomc Guide dot IU Industrial User NOV Notice of Violation PC Pretreatment Coordinator porrw Publicly Owned Treatment Works SNC Significant Noncompliance WAWftWW ERDM4I0I Semoa Se«w AaAorityVM I AeiiMtinaal ▇▇▇▇—tftMtRcMtBiontfMiwryMOII^fiafciBeawRapowwOiidftdBC 2
Description of Terms. Generally all lease agreements will not be less than one year term, unless specifically requested and may require higher lease payments. The renewal process, rights, and timeframe for exercising any renewal options shall be outlined in the Agreement. If Improvements are part of the Leased Premises, certain maintenance, repairs, and/or restoration may be required prior to renewal. Agreements that are not renewed annually will roll to a month to month basis and monthly rent will increase an additional half of a percent plus the normal annual increase if applicable in the lease agreement. Master Ground Leases will be subject to all terms of the Agreement until the term of the lease expires. Tie Down lease agreements may have varying terms, with rental rates reflective of the term. Shorter terms will be assessed higher rents, longer term leases will reflect a discount as compared to short term or month to month agreements.
Description of Terms. This Article lists capitalized defined terms used in this Contract and provides definitions or references to the Article in which the term is defined. Account Value: The total value of accounts for an Original Policy at any point in time. Aggregate Cap: Article 5 Calendar Year: A period of one year from January 1st through December 31st. Calendar Year Index: Article 5 Commutation Value: Article 18 Company: ▇▇▇▇▇▇ Investors Life Insurance Company Consumer Price Index: Employment Cost Index for total compensation, for private industry workers, by industry and occupational group for finance, insurance, and real estate (excluding sales) as published by the United States Bureau of Labor Statistics of the Department of Labor.
Description of Terms. In this agreement, unless the context otherwise indicates or it is expressly otherwise stated The Act means the Higher Education Act, Act 101 of 1997 as amended from time to time; The Council means the Council of the North-West University constituted in terms of the Act; The University means the North-West University established in terms of the Act;
Description of Terms. 1 Annual income includes income from sources such as employment, alimony, social security, investment income, etc. 2 Net worth is the value of your assets minus your liabilities. For purposes of this application, assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets. For liabilities, include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage. ❑ $50,000 and under ❑ $50,000 and under ❑ $50,001-100,000 ❑ $50,001-100,000 ❑ $100,001-250,000 ❑ $100,001-250,000 ❑ $250,001-500,000 ❑ Over $250,000 ❑ Over $500,000 For Office Use Only: Acct.# Office: Financial Professional: Name for Filing: The investments in this account will be: (Check one) Timeframe for Special Expenses 3 Liquid net worth is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them. ❑ Less than 1/3 of my financial portfolio Special Expense: ❑ Roughly 1/3 to 2/3 of my financial portfolio ❑ More than 2/3 of my financial portfolio ❑ Within 2 years ❑ 3-5 years ❑ 6-10 years ❑ 11 years or more 4 Annual expenses might include mortgage payments, rent, long-term debts, utilities, alimony or child support payments, etc. 5 Special expenses might include a home purchase, remodeling a home, a car purchase, education, medical expenses, etc. ❑ Under 3 years ❑ 3-5 years ❑ 6-10 years ❑ 11-20 years ❑ Over 20 years ❑ Unknown ❑ Generate income for current or future expenses ❑ Partially fund my retirement ❑ Wholly fund my retirement ❑ Steadily accumulate wealth over the long term ❑ Preserve wealth and pass it on to my heirs ❑ Pay for educational expenses ❑ Market speculation ❑ Other: ❑ Income from Earnings ❑ Investments/ Transfer from Brokerage Account ❑ Gift ❑ Sale of Business or Real Estate ❑ Inheritance ❑ Pension/ IRA/ Retirement Savings ❑ Spouse/ Parent/ Relative ❑ Legal/ Insurance Settlement ❑ Lottery/Gaming ❑ Other: Other Investment Information (Optional) - Please consider providing us with additional information about your other investments to help us more fully understand your financial situation and the types of investments or strategies that may be appropriate for your total investment portfolio. (...

Related to Description of Terms

  • Application of Terms Grantee shall advise any sub-grantee of funds awarded through this Agreement of the requirements imposed on them by federal and state laws and regulations, and the provisions of this Agreement. The terms of this Agreement shall apply to all subawards authorized in accordance with Paragraph 17.1. 2 CFR 200.101(b)(2).

  • Definition of Terms The following terms referred to in this Agreement shall have the following meanings:

  • CLARIFICATION OF TERMS If any prospective offeror has questions about the specifications or other solicitation documents, the prospective offeror should contact the buyer whose name appears on the face of the solicitation no later than five working days before the due date. Any revisions to the solicitation will be made only by addendum issued by the buyer.

  • Construction of Terms If any provision of this Agreement is held unenforceable by a court of competent jurisdiction, that provision shall be severed and shall not affect the validity or enforceability of the remaining provisions.

  • Integration of Terms Except as otherwise provided in this Agreement, this Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes any and all oral statements and prior writings with respect thereto.