TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

BASKET CLAUSE APPROACH [1 record]

Record 1 2014-06-27

English

Subject field(s)
  • Banking
  • Trade
  • Law of Contracts (common law)
CONT

A "basket clause" approach would permit a range of different investments to be made without approval, subject to an aggregate cap on the sum of such investments above which approval would be required.

French

Domaine(s)
  • Banque
  • Commerce
  • Droit des contrats (common law)
CONT

Adopter une approche utilisant «la faculté dérogatoire» permettrait de faire des placements sans approbation préalable, sous réserve d’un plafond global pour la somme de tels placements au-delà duquel une approbation serait exigible.

Spanish

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