kanscontract

English translation: aleatory contract

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:kanscontract
English translation:aleatory contract
Entered by: elibirnbaum
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21:43 May 16, 2018
Dutch to English translations [PRO]
Bus/Financial - Economics
Dutch term or phrase: kanscontract
no context
elibirnbaum
United States
Local time: 20:06
aleatory contract
Explanation:
see: IATE

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Note added at 6 mins (2018-05-16 21:50:00 GMT)
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kanscontract; kansovereenkomst =

FR: contrat (m) aléatoire; convention (f) aléatoire
EN: aleatory contract
DE: aleatorischer Vertrag m; Glücksvertrag m

(http://ledocte.intersentia.be)

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Note added at 7 mins (2018-05-16 21:51:08 GMT)
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"An aleatory contract is a contract where an uncertain event determines the parties' rights and obligations. For example, gambling, wagering, or betting typically use aleatory contracts. Additionally, another very common type of aleatory contract is an insurance policy.

The term was a classification developed in later medieval Roman law to cover all contracts whose fulfilment depended on chance, including gambling, insurance, speculative investment and life annuities. Many modern forms of derivatives and options may in some cases also be considered aleatory contracts. For example, the French civil code contains a chapter on aleatory contracts, with specific provisions for gaming (gambling) and life annuities."

(https://en.wikipedia.org/wiki/Aleatory_contract )

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Note added at 8 mins (2018-05-16 21:51:51 GMT)
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"Image result for aleatory contractwww.youtube.com
In an aleatory contract type, the parties involved do not have to perform a particular action until a specific event occurs. Events are those which cannot be controlled by either party, such as natural disasters and death. Aleatory contracts are commonly used in insurance policies."

(https://www.investopedia.com/terms/a/aleatory-contract.asp )

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Note added at 11 mins (2018-05-16 21:54:28 GMT)
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GARNER'S DICTIONARY OF LEGAL USAGE:

ALEATORY; FORTUITOUS ; STOCHASTIC

These words have similar but distinct meanings. The first two are especially close, meaning “depending wholly on chance.” Aleatory derives from the Latin word for the game of dice: alea jacta est (= the die is cast). Fortuitous, meanwhile, carries the suggestion of an accident, usually but not always a happy one. (See fortuitous.) As it happens, aleatory usually refers to present descriptions or future events that depend on uncertain contingencies—e.g.:

• “The better rule, this court feels, is to respect the aleatory nature of the settlement process and to hold both the plaintiff and settling defendant to their gamble.”Doyle v. U.S., 441 F.Supp. 701, 711 n.5 (D.S.C. 1977).

• “The 2001 consent judgment in this case is an ALEATORY CONTRACT, which simply means it depended upon the uncertain act, i.e., the future purchase of the property by one of the heirs.”Peeler v. Dural, 958 So.2d 31, 35 (La. Ct. App. 2007).

Fortuitous, meaning “accidental, occurring by chance,” typically refers to past events <how fortuitous that the snowstorm shut down the city on the very day my cousin wanted me to stay home from work>. Stochastic, the most rarefied of these words, means “random”; it is fairly common in the writing of economic analysts and statisticians. See fortuitous. Cf. adventitious.

(https://premium.oxforddictionaries.com/secondary/garner_dict... )

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Note added at 26 mins (2018-05-16 22:09:40 GMT)
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another NL synonym: aleatoire overeenkomst
Selected response from:

Michael Beijer
United Kingdom
Local time: 19:06
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1aleatory contract
Michael Beijer
Summary of reference entries provided
Pick your context. This is a bit more time consuming, but hey......
writeaway

Discussion entries: 4





  

Answers


4 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
aleatory contract


Explanation:
see: IATE

--------------------------------------------------
Note added at 6 mins (2018-05-16 21:50:00 GMT)
--------------------------------------------------

kanscontract; kansovereenkomst =

FR: contrat (m) aléatoire; convention (f) aléatoire
EN: aleatory contract
DE: aleatorischer Vertrag m; Glücksvertrag m

(http://ledocte.intersentia.be)

--------------------------------------------------
Note added at 7 mins (2018-05-16 21:51:08 GMT)
--------------------------------------------------

"An aleatory contract is a contract where an uncertain event determines the parties' rights and obligations. For example, gambling, wagering, or betting typically use aleatory contracts. Additionally, another very common type of aleatory contract is an insurance policy.

The term was a classification developed in later medieval Roman law to cover all contracts whose fulfilment depended on chance, including gambling, insurance, speculative investment and life annuities. Many modern forms of derivatives and options may in some cases also be considered aleatory contracts. For example, the French civil code contains a chapter on aleatory contracts, with specific provisions for gaming (gambling) and life annuities."

(https://en.wikipedia.org/wiki/Aleatory_contract )

--------------------------------------------------
Note added at 8 mins (2018-05-16 21:51:51 GMT)
--------------------------------------------------

"Image result for aleatory contractwww.youtube.com
In an aleatory contract type, the parties involved do not have to perform a particular action until a specific event occurs. Events are those which cannot be controlled by either party, such as natural disasters and death. Aleatory contracts are commonly used in insurance policies."

(https://www.investopedia.com/terms/a/aleatory-contract.asp )

--------------------------------------------------
Note added at 11 mins (2018-05-16 21:54:28 GMT)
--------------------------------------------------

GARNER'S DICTIONARY OF LEGAL USAGE:

ALEATORY; FORTUITOUS ; STOCHASTIC

These words have similar but distinct meanings. The first two are especially close, meaning “depending wholly on chance.” Aleatory derives from the Latin word for the game of dice: alea jacta est (= the die is cast). Fortuitous, meanwhile, carries the suggestion of an accident, usually but not always a happy one. (See fortuitous.) As it happens, aleatory usually refers to present descriptions or future events that depend on uncertain contingencies—e.g.:

• “The better rule, this court feels, is to respect the aleatory nature of the settlement process and to hold both the plaintiff and settling defendant to their gamble.”Doyle v. U.S., 441 F.Supp. 701, 711 n.5 (D.S.C. 1977).

• “The 2001 consent judgment in this case is an ALEATORY CONTRACT, which simply means it depended upon the uncertain act, i.e., the future purchase of the property by one of the heirs.”Peeler v. Dural, 958 So.2d 31, 35 (La. Ct. App. 2007).

Fortuitous, meaning “accidental, occurring by chance,” typically refers to past events <how fortuitous that the snowstorm shut down the city on the very day my cousin wanted me to stay home from work>. Stochastic, the most rarefied of these words, means “random”; it is fairly common in the writing of economic analysts and statisticians. See fortuitous. Cf. adventitious.

(https://premium.oxforddictionaries.com/secondary/garner_dict... )

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Note added at 26 mins (2018-05-16 22:09:40 GMT)
--------------------------------------------------

another NL synonym: aleatoire overeenkomst

Michael Beijer
United Kingdom
Local time: 19:06
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20
Grading comment
thanks

Peer comments on this answer (and responses from the answerer)
agree  Kitty Brussaard
9 hrs
  -> Thanks!
Login to enter a peer comment (or grade)




Reference comments


12 mins peer agreement (net): +1
Reference: Pick your context. This is a bit more time consuming, but hey......

Reference information:
KANSCONTRACTEN

Laatst bijgewerkt: 20 juli 2013
Hits: 4640
DEFINITIE

Een kanscontract is een wederkerige overeenkomst, waarvan de gevolgen, met betrekking tot winst en verlies, hetzij voor alle partijen, hetzij voor een of meer van hen, van een onzekere gebeurtenis afhangen (art. 1964 B.W.). Partijen weten dus bij het sluiten van een kanscontract niet of ze er voordeel of nadeel uit zullen halen.
De voornaamste kanscontracten zijn:
Het contract van lijfrente
Het verzekeringscontract
Spel en weddenschap

LIJFRENTE

Lijfrente is een overeenkomst op grond waarvan een bepaalde persoon recht heeft op periodieke betalingen tot zijn dood of van een derde. Het is dus een contract waarbij de ene partij (de renteschuldenaar) er zich toe verbindt om aan een andere partij (de renteheffer), een rente uit te keren in ruil voor een bepaald kapitaal of voor bepaalde goederen (zoals vaak onroerende goederen) die de renteheffer niet zal terugeisen.
Lijfrente kan uitgekeerd worden tot de dood van de renteheffer of tot de dood van een derde die op het genot van de lijfrente geen recht heeft (art. 1971 B.W.). De renteplichtige kan zich van de uitkering van de rente niet bevrijden, door de teruggave van het kapitaal of de ontvangen goederen aan te bieden (art. 1979 B.W.)

VERZEKERINGSCONTRACT

Het verzekeringscontract is een overeenkomst waarbij de ene partij (de verzekeraar) er zich toe verbindt om tegen betaling van een premie door de andere partij (de verzekerde), deze het verzekerd risico te vergoeden (bvb. in geval van ongeval, brand, diefstal etc.).
Het verzekeringscontract wordt geregeld door de Wet op de landverzekeringsovereenkomst van 25 juni 1992.
http://www.rechtswijzer.be/het-recht/burgerlijk-recht/gebrui...

writeaway
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this reference comment (and responses from the reference poster)
agree  Kitty Brussaard
9 hrs
Login to enter a peer comment (or grade)



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