TERMIUM Plus®

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

FIVE YEARS CONTRACT [2 records]

Record 1 2015-11-16

English

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

... under a contract to erect a mill and maintain and operate it for five years and not to transfer it in that time, breach of the latter stipulation gives rise to an action for damages but does not entitle the adversary party to recover money paid, as a consideration for the contract. 1 Under a similar contract buildings were erected by a manufacturing company under a contract to remove their business, but the removal was never made. This was held to be a breach going to the essence of the contract, and recovery could be had of money paid thereunder...

French

Domaine(s)
  • PAJLO
  • Droit des contrats (common law)
OBS

violation qui atteint l'essence du contrat : terme normalisé par le Comité de normalisation, Promotion de l'accès à la justice dans les deux langues officielles (PAJLO).

Spanish

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Record 2 1989-06-12

English

Subject field(s)
  • Loans
  • Real Estate
DEF

A mortgage under which the borrower has the right, during the first two years of the contract, to reset the interest rate to the current level and extend the term for five years.

French

Domaine(s)
  • Prêts et emprunts
  • Immobilier
DEF

Prêt hypothécaire qui permet à l'emprunteur, au cours des deux premières années du contrat, de rajuster le taux d'intérêt au niveau courant et de prolonger de cinq ans la durée du prêt.

Spanish

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