Are You a Legal Professional?

FINDLAW LEGAL DICTIONARY

The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.

Binder

binder n

1 : a temporary insurance contract that provides coverage until the policy is issued
2 : a receipt for money paid to the owner of real estate or to the owner's agent to secure the right to purchase the real estate upon agreed terms
;also
: the money itself



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.