Examlex
Natural oil seeps are a source of pollution and occur when no impermeable rocks trap migrating oil.
Creditor Beneficiary
A third party that benefits from a contract made between two other parties, primarily involving debt repayment.
Life Insurance Policy
A contract between an insurer and an insured, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.
Bank
A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.
Novation
The act of replacing an old contract with a new one, substituting a new party into an existing agreement.
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