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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Contract Holder


Synonyms:contract owner, enrollee, member, subscriber
Filed Under: financial-banking, insurance, investments, legal-contracts, real-estate
Tags: banking, contract, insurance, investment, legal, realty
 

Definition of contract holder

contract holder
1. The legal entity, individual or organization that holds the rights or ownership to a debt or obligation.

Related Terms and Acronyms:

  • financing entity   An entity that purchases an insurance policy or settlement contract.
  • loss payee   An entity that is legally entitled to the benefits of an insurance claim.

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