TERMIUM Plus®

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CROSS PURCHASE AGREEMENT [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1989-06-06

English

Subject field(s)
  • Life Insurance
DEF

Life insurance on lives of partners designed to enable surviving partners to buy out deceased partner’s estate.

CONT

cross purchase agreement. Partnerships frequently purchase life insurance on each of the partners of sufficient amount to buy out that partner's interest in event of his death.

French

Domaine(s)
  • Assurance sur la vie
OBS

Dans une société commerciale, assurance pouvant fournir aux co-associés survivants les moyens de désintéresser les héritiers d'un associé décédé [...]

OBS

assurance Associés : Terme utilisé aussi par la Sun Life.

Spanish

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© Public Services and Procurement Canada, 2026
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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