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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Valid


Synonyms:actual, authentic, legitimate, real, true, valid
Filed Under: legal-contracts
Tags: contract, legal
 

Definition of valid

valid
1. Having legal force. This means that a when a contract is valid, it is effective or binding by law.

Related Terms and Acronyms:

  • consent judgement   A judge's legally binding approval of a written agreement by the parties of a lawsuit.
  • void   Of no legal effect. A nullity.

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