Examlex
Credit risk exists for futures contracts traded on exchanges, but it is normally not a concern for over-the-counter futures transactions.
Good-faith Purchaser
Someone who buys property without knowledge of any existing claims or defects against it, thus acquiring free and clear ownership.
Voidable
Describes a contract or transaction that may appear to be valid but can be legally declared void by one of the parties to the contract for reasons such as fraud or coercion.
Good Title
refers to a legal term meaning ownership of property is legally valid, with no encumbrances or disputes that could question rightful ownership.
CIF
"Cost, Insurance, and Freight," a term used in international shipping agreements where the seller is responsible for the transportation costs, insurance, and freight charges to the designated port.
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