Null and void

null and void
that which cannot be legally enforced, as with a contract provision that is not in conformance with the law.
Dictionary of Real Estate Terms ...

Null and Void
Being of no legal validity or effect.
1 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ...

It is a collateral contract, which does not extinguish the original liability or obligation to which it is accessory, but on the contrary is itself rendered null and void should the latter fail, as without a principal there can be no accessory.

Category 4 risk is that some investments may be declared null and void by another group of scholars or a regulatory body, based on the lack of accurate product formulation or their own differing interpretation of shariah principles, procedures, ...

See Null and Void.
Example: In a Listing contract with a Broker Smith stipulates that the property be sold only to a person of a certain race. Since the stipulation is contrary to antidiscrimination laws, it is void and thereby unenforceable.

The process of rendering a contract or deed null and void following a specified act....(Read more)
Defensive Securities
See 'defensive stocks'....(Read more)
Defensive Stocks ...

Venture capital jargon. Often a proposed term sheet, might explode or be null and void in a fixed period set to negotiate the final contract.
[ Previous Page ]
Personal Finance Glossary ...

"Used to describe a transaction, a contract that governs a transaction or an element in such a contract that is null and void. Antonym: sahih."
(`aqd) batil
عقد باØ-Ù" ...

Exploding term sheet
Venture capital jargon. Often a proposed term sheet might explode or be null and void in a fixed period set to negotiate the final contract.

EXPIRATION DATE
The date and time after which trading in an options contracts
terminates, and after which all contract rights or obligations
become null and void.

Looking at the fine print will often reveal that the lifetime guarantee only applies as long as the customer owns the vehicle that received the new muffler. Once the vehicle is sold to a new owner, the lifetime guarantee is null and void.

null and void No longer valid or enforceable. numismatics The practice of coin collecting. NVI Acronym for Negative Volume Index. An index that tries to forecast what experienced... NYFE Acronym for New York Futures Exchange.

Often a proposed term sheet, might explode or be null and void in a fixed period set to negotiate the final contract.

See also: Expense, Administration, Fraud, Banks, European union