Legal Contracts

6 words in this vocabulary list

noun a product or item that cannot be returned

adjective describing something that cannot be returned

  • Please note that all sales are final and nonreturnable.
  • Sorry, but these items are nonreturnable once purchased.
  • You're stuck with it, dude. It's nonreturnable.
  • The decision she made was nonreturnable, leading to irreversible consequences.

noun a lease of a property by a tenant to a subtenant

verb to lease a property from a tenant who is already leasing it

  • The tenant decided to sublease the apartment to someone else after receiving permission from the landlord.
  • I'm thinking about subleasing my place while I travel for a few months.
  • I heard Sarah is looking to sublease her spot in the city for the summer.
  • Sometimes we sublease our problems to others instead of dealing with them ourselves.

noun a lease of a property by a tenant to a subtenant

verb to lease or rent all or part of a leased property to another person

  • The tenant decided to sublet the apartment while they were away for the summer.
  • I'm thinking of subletting my place for a few months to make some extra cash.
  • I heard Sarah is subletting her room to help cover her rent.
  • Sometimes it feels like I'm subletting my brain to all the information overload.

noun a provision or exception in a contract or agreement that allows for certain terms to be excluded or separated from the rest of the document

  • The carve-out provision in the contract allows for certain assets to be excluded from the sale.
  • Hey, did you hear about the carve-out in the deal? They're keeping the office building separate.
  • I heard they're doing a carve-out of the tech division to focus on their core business.
  • Sometimes you have to carve-out time for yourself in order to avoid burnout.

noun a word that represents a person, place, thing, or idea

  • The insurance policy allows for additional insureds to be added for an extra fee.
  • You can add more people to the insurance policy as additional insureds if needed.
  • Hey, don't forget to throw in some extra insureds on that policy.
  • Just like adding extra toppings to a pizza, you can add additional insureds to your insurance policy for more coverage.