What does ACORD stand for in insurance?
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance and related financial services industries.
What is an accord request?
Accord's Request – the tasks that the character Accord issues after meeting certain conditions.
What is an accord letter?
An Accord & Satisfaction Agreement is a document that is signed by both parties to end any and all disputes. This document can be used when there is a disagreement on the terms of the agreement or if one party is not satisfied with the outcome of a dispute.
What does Acord stand for?
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance and related financial services industries.
What is an accord letter?
An Accord & Satisfaction Agreement is a document that is signed by both parties to end any and all disputes. This document can be used when there is a disagreement on the terms of the agreement or if one party is not satisfied with the outcome of a dispute.
What does Acord stand for?
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance and related financial services industries.
What is an example of accord?
He was accorded certain favors because of his age. Her students accorded her respect. = Her students accorded respect to her. = She was accorded respect by her students.
What is an example of accord and satisfaction?
Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.
What is the meaning of accord and satisfaction?
Accord and satisfaction refers to the agreement (accord) between two contracting parties to accept alternate performance to discharge a pre-existing duty between them and the subsequent performance (satisfaction) of that agreement. The new performance is called the accord.