Legal Agreements

6 words in this vocabulary list

verb to come to the end of the validity or duration

adjective no longer valid or in effect

  • The contract has expired and is no longer valid.
  • I forgot to use the coupon before it expired.
  • My gym membership is expired, I need to renew it.
  • The opportunity has expired, we missed our chance.

verb to unite or join together in a federal union

  • The countries decided to federate in order to strengthen their political and economic ties.
  • The clubs in the neighborhood decided to federate to organize better events.
  • Let's federate our efforts to make this project a success!
  • The different departments of the company need to federate their resources to achieve the overall goal.

noun a formal assurance that certain conditions will be fulfilled, especially that a product will be repaired or replaced if it fails within a certain period

verb to provide a guarantee or assurance

  • The company provides a guaranty for all their products for up to one year.
  • I can guaranty that the new restaurant in town serves amazing food.
  • I guaranty you'll have a great time at the party tonight!
  • His reputation as a trustworthy person acts as a guaranty for his success in the business world.

noun the state of being married; marriage

  • The couple entered into the bonds of matrimony in a beautiful ceremony.
  • They finally tied the knot and entered into matrimony.
  • They decided to take the plunge and get hitched in matrimony.
  • The merger of the two companies was described as a business matrimony.

noun a form of ownership where two or more individuals jointly own a property or asset

adjective describing the type of ownership where ownership is divided among multiple parties

  • Shared ownership is a housing arrangement where two or more parties own a property together.
  • My sister and I are considering shared ownership of a vacation home.
  • Let's go in on shared ownership of that beach house.
  • In a way, our shared ownership of the project's success brought us closer together as a team.

noun a person or organization that is added to an insurance policy in addition to the primary insured party

  • The contractor requested to be listed as an additional insured on the insurance policy.
  • The builder wanted to be added as an extra insured on the insurance.
  • The handyman asked to be covered as an 'extra' on the insurance policy.
  • Being listed as an additional insured is like having an extra layer of protection in case of any mishaps.