См. также: procedural obligation, proceedings in rem, prosecute, profit-making project
GRATUITOUS CONTRACT, civ. law. One, the object of which is for the benefit of the person with whom it is made, without any profit, received or promised, as a consideration for it as, for example, a gift. (A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. )
Consideration is the concept of legal value in connection with contracts. It is anything of value promised to another when making a contract. It can take the form of money, physical objects, services, promised actions, abstinence from a future action, and much more. (Wikipedia)
Capital Call is the legal right of a firm/organization/insurance company to call, or demand the money promised to it by an investor. It is also known as ‘draw down.’ A capital call fund would be the money that had been committed to the fund. The capital call is the act of actually transferring the promised funds to the investment target. A capital call agreement defines capital call terms. (USLegal)
It says Mumbai-based Essar Global illegally funneled money away from the massive construction project that had promised to bring Minnesota its first integrated iron-ore pelletizing plant and steel mill. (Minneapolis Star Tribune)
• promised
• promise
• promises
• promising
