Obligatory Treaty Meanings:
An insurance contract (usually involving proven reinsurance) between the insurance company and the insurer that automatically agrees to transfer all businesses covered by the insurance contract. The insurance company, in turn, is bound to accept this agreement. An automatic contract is another term for a binding contract.
Meaning of Obligatory Treaty: An insurance contract in which the company can be repurchased under the terms set out in it. Insurance must accept this condition.
Literal Meanings of Obligatory Treaty
Meanings of Obligatory:
Required by law, ethics or other mandatory rules.
Sentences of Obligatory
It is now mandatory to wear seat belts in cars.
Synonyms of Obligatory
prescribed, compulsory, incumbent, statutory, enforced, demanded, binding, mandatory, required
Meanings of Treaty:
The agreements were formally concluded and ratified by the countries.
Sentences of Treaty
The two presidents signed a ten-year solidarity agreement
Synonyms of Treaty
pact, bargain, concordat, pledge, accord, convention, contract, settlement, deal, concord, covenant, entente, protocol, compact, agreement