MLchartDataset catalogue

Promisor

Term · Insurance and risk management · MLC-T-INS-002721

A party who makes a promise to another party, the promisee, within a contractual agreement. This individual or entity undertakes an obligation to perform a specific act or refrain from an act. In insurance, the insurer is typically the promisor, agreeing to pay claims under certain conditions.

Table 1. Record
IdentifierMLC-T-INS-002721
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002721",
  "term": "Promisor",
  "field": "Insurance and risk management",
  "definition": "A party who makes a promise to another party, the promisee, within a contractual agreement. This individual or entity undertakes an obligation to perform a specific act or refrain from an act. In insurance, the insurer is typically the promisor, agreeing to pay claims under certain conditions.",
  "url": "https://mlchart.com/terminology/insurance/promisor/"
}

Record 2,726 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.