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credit is always expressed in terms of money. when you buy goods on credit from a retail store or borrow money from ythe bank or any financing institution, it is understood that such obligation shalln be paid in money...

answered by: christine damasen(**,)

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13y ago

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Related Questions

What meaning of pecuniary terms and non-pecuniary terms?

It refers to money or finance. As in; She did the job for pecuniary gain.


What is credit is a pecuniary contract?

credit as a pecuniary contract means the credit is always expressed in terms of money. when you buy goods on credit from a retail store or borrow money from a bank or any financing institution, it is understood that such obligation shall be paid in money.


What is the main terms of contract?

contract is contract


What part of speech is pecuniary?

Pecuniary is an adjective.


Do you agree to the terms of this contract by signing it?

Yes, do you agree to the terms of this contract by signing it?


What is a sentence for pecuniary?

Pecuniary incentives led him to poverty than the life he actually expected.


How do you put Pecuniary in a sentence?

My mother left me a pecuniary legacy


What are the characteristics of credit?

1. it is a bipartite contract 2. the contract is personal in nature 3. the contract has a pecuniary nature 4. there is the presence of trust and confidence 5. credit is risk 6. futurity 7. creation of legal obligation 8. the transfer of ownership or title


Are terms of service considered a contract?

Yes, terms of service are considered a contract between a user and a company.


How are the terms of the contract established?

How are the terms of the homeownerscontract established


What are the terms of office hiring?

Whatever the terms of the contract are.


What is a pecuniary interest?

Pecuniary refers to something related to money, or financial assets.

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