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Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Real estate > Contracts

indefinite quantity contract

Law; Contracts

Agreement to furnish unspecified (but within certain limits) quantity of specific products or services during a stated period, delivered according to customer's orders.

indemnity

Law; Contracts

Undertaking given to compensate for (or to provide protection against) injury, loss, incurred penalties, or from a contingent liability. A shipping company, for example, will ask ...

independent contractor

Law; Contracts

Self-employed person (architect, consultant, engineer, etc.) who provides certain services to a second-party called the principal (or client or owner), or to a third-party on ...

independent guarantee

Law; Contracts

This is an alternative term for demand guarantee.

index-linked adjustment

Law; Contracts

A mechanism used in commercial transactions and rental agreements to adjust contract conditions in response to external monetary influences such as inflation or currency ...

indirect bank guarantee

Law; Contracts

That is issued by a correspondent bank (usually the guarantee beneficiary's bank) upon the counter-guarantee of the guarantee applicant's bank.

indexing

Law; Contracts

1. Contracting: Adjusting the terms of a long-term contract to account for the effects of inflation, so that neither party takes undue advantage, or unduly suffers the ...