Contractual Intermediary

Contractual Intermediary

Holder of an indirect claim through a legal agreement that specifies that the individual must make periodic, fixed payments to the intermediary in exchange for the right to receive payments from the intermediary in the future.

Contractual Intermediary

A financial institution that stands between counterparties in a transaction. For example, in the sale of a house, a bank usually serves as a contractual intermediary by providing a mortgage to the homebuyer. In some non-traditional transactions, a bank may buy a product (e.g. corn) and immediately re-sell it for a profit to a third party. Most transactions requiring a loan to one of the parties, including intermediaries. See also: Murabaha.
References in periodicals archive ?
- a contractual intermediary may be exercised at from the signing of the contract in accordance with Articles L.551-13 and R.551-7 to R.551-10 of the Administrative Justice Code within 31 days in the event of publication of a notice of award or 6 months if no notice of award,
Supply of fresh fish saltwater, freshwater, crustaceans and shellfish in favor of ELOCA (logistics establishment of armed police) of Toulon under the contractual intermediary.