MLchartDataset catalogue

Offeree

Term · Insurance and risk management · MLC-T-INS-002398

The party to whom an offer is made, who then has the power to accept or reject the terms of the proposal. In an insurance context, the applicant for insurance is typically the offeree when the insurer presents a policy. The offeree's acceptance creates a binding contract.

Table 1. Record
IdentifierMLC-T-INS-002398
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002398",
  "term": "Offeree",
  "field": "Insurance and risk management",
  "definition": "The party to whom an offer is made, who then has the power to accept or reject the terms of the proposal. In an insurance context, the applicant for insurance is typically the offeree when the insurer presents a policy. The offeree's acceptance creates a binding contract.",
  "url": "https://mlchart.com/terminology/insurance/offeree/"
}

Record 2,410 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.