Breach Of Contract: Violation of any of the terms or conditions of a contract without legal excuse, default, nonperformance. The nonbreaching party can usually seek one of three alternative remedies upon a material breach of the contract: rescission of the contract, action for money damages or an action for specific performance.

 

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Breach Of Contract: Violation of any of the terms or conditions of a contract without legal excuse, default, nonperformance. The nonbreaching party can usually seek one of three alternative remedies upon a mate . . . View Full Definition

Periodic Purchase Deferred Contract: A fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant.

Period Of Digestion: The time period of often high volatility after a new issue is released when the trading price of the security is established by the market.

Perfect Market View (Of Dividend Policy): Analysis of a decision on dividend policy, in a perfect capital market environment, that shows the irrelevance of dividend policy.