Prepaid contract definition

Prepaid contract means any Contract that has terminated or been prepaid in full prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Contract.

Prepaid contract means a contract requiring payment in advance for funeral or cemetery services or merchandise, physical delivery and retention of which would occur after death under a guaranteed price contract or a nonguaranteed price contract. Prepaid contracts do not include a contract for the sale of merchandise or funeral or cemetery services entered into after the death of the contract beneficiary.

Prepaid contract means a continuing care contract in which the monthly care fee, if any, may not be adjusted to cover the actual cost of care and services.

Examples of Prepaid contract in a sentence

• Prepaid contract research expenses are considered paid in the year the research is actually done.

• If the customer is applying under a Prepaid contract, the customer may pay the full upfront or you can submit the contract with a Conditional Approval.

• Prepaid contract costs, costs associated with entering into long-term contracts with certain of the Company's customers, were also previously capitalized and amortized over the term of the related contract.

• Prepaid contract costs are subject to review for impairment either when there is an indication of a reduction in their recoverable amount or, if they relate to SaaS arrangements which are not yet ready to be rolled out, on an annual basis.

• Prepaid contract (Prepaidvertrag) The prepaid contract does not have a fixed contract term, but you have to top up your phone’s credit (money).

More Definitions of Prepaid contract

Prepaid contract means a continuing care contract in which

Prepaid contract means a construction or maintenance contract in which all or part of the contract price is to be paid before all the goods or services called for in the contract are provided;

Prepaid contract means a prepaid contract as defined in section 5 of the Designation of Trades and Businesses Regulation;

Prepaid contract means any Contract with respect to which the Customer shall have (a) exercised its contractual right, or has otherwise arranged, to prepay or otherwise terminate the Contract prior to the Final Due Date thereunder and (b) paid to the Servicer the full amount of the termination payment required by such Contract.

Prepaid contract means any contract under which, for a

Prepaid contract means any contract under which, for a specified consideration paid in advance in a lump sum or by installments [, a person] or payable solely from the proceeds of a policy of life insurance, the seller of the contract guarantees or promises, either before or upon the death of a beneficiary named in or otherwise ascertainable from the contract, to provide burial services and to furnish adaptable or suitable personal property, merchandise, supplies or facilities in connection with such services.

Prepaid contract means any contract under which, for a specified consideration paid in advance in a lump sum or by installments [, a person] or payable solely from the proceeds of a policy of life insurance, the seller of the contract guarantees or promises either before or upon the death of a beneficiary named in or otherwise ascertainable from the contract to furnish funeral services and merchandise. The term does not include a contract of insurance or any instrument in writing whereby any charitable, religious, benevolent or fraternal benefit society, corporation, association, institution or organization, not having for its object or purpose pecuniary profit, promises or agrees to embalm, inter or otherwise dispose of the remains of any person, or to procure or pay the expenses, or any part thereof, of embalming, interring or otherwise disposing of the remains of any person.