Extra Contractual Obligations (ECOs)

Extra Contractual Obligations (ECOs),

How Do You Define Extra Contractual Obligations (ECOs)?

  1. The policy requires the insurance company to pay for certain damages or expenses arising out of an obligation imposed externally, not under an insurance contract, such as a fine imposed by a court or regulatory authority. If the ECO is covered under the reinsurance agreement, the insurance company pays compensation to the insurance company.

Literal Meanings of Extra Contractual Obligations (ECOs)

Extra:

Meanings of Extra:
  1. Especially to a higher degree than usual.

  2. and what.

  3. An additional element that is usually or absolutely necessary.

  4. Added to an existing or normal number or an additional number.

  5. Excessive or excessive

Sentences of Extra
  1. Try to be great

  2. It costs about 60% to install.

  3. I stage with all the extras.

  4. They offered you thirty-five cents more in an hour

Synonyms of Extra

additional, supplemental, to boot, extension, secondary, subsidiary, accompaniment, supplementary, peculiarly, add-on, addendum, adjunct, too, in addition, particularly, addition, especially, companion, attachment, attendant, distinctly, very, on top of that, into the bargain

Contractual:

Meanings of Contractual:
  1. Provided by contract.

  2. There are property agreements like these.

Sentences of Contractual
  1. The interim order we request does not in any way interfere with the existing rights or obligations of the agreement.

  2. But as Lord Goff's speech showed, the obligation of the treaty was of no avail.

  3. The company claims that the contract obligations were serious violations.

  4. The current government and regulators are trying to find a way out of their contractual obligations.

  5. A rapid increase in contract obligations could end their uncertain sovereignty.

  6. We are willing to work with you and will assist you in fulfilling your contractual obligations in case of breach.

  7. The term also refers to the terms of an agreement that is enforced by law or explicitly binding on the agreement by the parties.

Synonyms of Contractual

dictated, binding, obliged, stipulated, coerced, obligatory, inescapable, unavoidable, requisite, imposed, contractual, necessary, involuntary, forced, necessitated, required, demanded, prescribed, constrained, ordained, exacted, impelled, mandatory

Extra Contractual Obligations (ECOs),

How Do You Define Extra Contractual Obligations (ECOs)?

Policy requirements that the insurer pays for certain losses or expenses that are not derived from the insurance contract but from external liabilities, such as fines imposed by the courts or rules and regulations. If the ECO is covered by a reinsurance contract, the reinsurer pays compensation to the insurer.

Literal Meanings of Extra Contractual Obligations (ECOs)

Extra:

Meanings of Extra:
  1. It can be added to current or normal number or additional number.

  2. More than necessary

  3. Especially more than usual.

  4. An article above or absolutely necessary.

  5. Even more so.

Sentences of Extra
  1. They offered you thirty-five cents more per hour.

  2. 'Rawness' is really extra, let's call it breakfast.

  3. Installation costs around 60 extra.

  4. Exterior

Synonyms of Extra

complement, incredibly, awfully, outstandingly, over and above that, ancillary, added, notably, markedly, accessory, other, appendage, amazingly, additionally, right, surprisingly, well, more, on top (of that), retrofit, again, frightfully, conspicuously, powerful, another

Contractual:

Meanings of Contractual:
  1. Agreement on agreement

Sentences of Contractual
  1. Contract responsibilities

Obligations:

Meanings of Obligations:
  1. An act or practice by which a person is morally or legally bound by an obligation or responsibility.

Sentences of Obligations
  1. I have to take care of them.

Synonyms of Obligations

devoir, constraint, trust, liability, debt, chore, accountability, necessity, charge, duress, responsibility, burden, function, engagement, job, compulsion, pressure, assignment, commission, task, commitment

Extra Contractual Obligations (ECOs),

How To Define Extra Contractual Obligations (ECOs)?

The policy requires the insurer to pay certain losses or expenses that are not covered by the insurance contract but are due to externally imposed obligations, such as court fines or regulations. If the ECO is covered by the reinsurance contract, the reinsurer pays compensation to the insurer.

Literal Meanings of Extra Contractual Obligations (ECOs)

Extra:

Meanings of Extra:
  1. More than usual or absolutely necessary article.

Sentences of Extra
  1. They offered him another thirty-five cents an hour.

  2. 'Rawness' is really extra, let's call it a breakfast.

  3. Installation costs are about £ 60 extra.

  4. Cell

Synonyms of Extra

really, unwontedly, terribly, fresh, uncommonly, signally, forbye, besides, mucho, exceptionally, ■■■■, majorly, strikingly, uniquely, as well, decidedly, devilish, unusually, jolly, auxiliary

Contractual:

Meanings of Contractual:
  1. Agreed in an agreement.

Obligations:

Meanings of Obligations:
  1. An act or conduct for which a person is morally or legally bound by an obligation or responsibility.

Sentences of Obligations
  1. It is my duty to take care of them.

Synonyms of Obligations

moral imperative, indebtedness, requirement, office, onus, duty, business