داستان آبیدیک

nominal obligation


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1 عمومی:: تعهد اسمی

The nominal obligations of a noncontingent financial contract are fully determined upon writing it. The counterparties of the contract agree at inception exactly how much money changes hands at what point in time; the nominal obligations are noncontingent on future events. A financial contract for which the nominal obligation is not conclusively determined at inception is a contingent financial contract. 22 Derivatives and insurance contracts are prominent examples of contingent financial contracts. The nominal obligation of a fire insurance contract, for example, is not determined at inception. The contract constitutes a nominal obligation of zero for the insurance company once the contract expires and your house has not caught fire.

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