{ bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, type: "html5", bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, The payouts made when the event occurs are far higher than the premiums paid. googletag.pubads().setTargeting("cdo_pt", "entry"); Aleatory Contract — an agreement concerned with an uncertain event that provides for unequal transfer of value between the parties. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, var pbDesktopSlots = [ bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, googletag.pubads().setTargeting("cdo_pt", "entry"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, } iasLog("__tcfapi removeEventListener", success); { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, For example, insurance policies are considered aleatory contracts, because the policy does not go to work for the consumer until the event itself comes to pass. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, googletag.pubads().setTargeting("cdo_tc", "resp"); var pbHdSlots = [ iasLog("criterion : cdo_dc = english"); type: "cookie", Most insurance agreements and derivatives (= financial products based on the value of another asset) are aleatory contracts: The most common type of aleatory contract is an insurance policy, in which an insurance company must make payment only after a fortuitous event… }); { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, dfpSlots['houseslot_b'] = googletag.defineSlot('/2863368/houseslot', [], 'ad_houseslot_b').defineSizeMapping(mapping_houseslot_b).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').setCategoryExclusion('house').addService(googletag.pubads()); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, iasLog("exclusion label : wprod"); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, type: "html5", pbjs.que = pbjs.que || []; 'increment': 0.01, googletag.pubads().disableInitialLoad(); The word in the example sentence does not match the entry word. { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, initAdSlotRefresher(); Insurance policies are aleatory contracts because an insured can pay premiums for many years without sustaining a covered loss. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, name: "pubCommonId", { storage: { { bidder: 'appnexus', params: { placementId: '11654174' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, // FIXME: (temporary) - send ad requests only if PlusPopup is not shown { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, Add the power of Cambridge Dictionary to your website using our free search box widgets. { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, "sign-up": "https://dictionary.cambridge.org/us/auth/signup?rid=READER_ID", 'increment': 0.5, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, initAdSlotRefresher(); if(refreshConfig.enabled == true) Basically, it is a contract that depends upon a chance occurrence. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, syncDelay: 3000 { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, storage: { Neal explains it in this video Thanks for watching! enableSendAllBids: false, {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Dictionary entry overview: What does aleatory contract mean? params: { { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, }); 'min': 0, }); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, googletag.pubads().setTargeting("cdo_l", "en"); 'increment': 0.05, { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, "authorizationFallbackResponse": { { bidder: 'appnexus', params: { placementId: '11654208' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, } priceGranularity: customGranularity, { bidder: 'sovrn', params: { tagid: '446382' }}, Definition of "Aleatory contract" Diane Ogburn Wiley, Real Estate Agent Weichert Realtors, Brockwell & Associates. 'cap': true googletag.pubads().setTargeting("cdo_ei", "aleatory-contract"); var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, the activity of staying in a tent on holiday, Help is at hand (Idioms with ‘hand’, Part 1), Clear explanations of natural written and spoken English. { bidder: 'appnexus', params: { placementId: '11654208' }}, expires: 365 googletag.pubads().setTargeting("sfr", "cdo_dict_english"); 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. googletag.cmd = googletag.cmd || []; {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, { bidder: 'appnexus', params: { placementId: '11654149' }}, A Little More on What is an Aleatory Contract { bidder: 'sovrn', params: { tagid: '346693' }}, Insurance contracts are of this type, as the policyholder pays a premium and may collect nothing from the insurer or may collect a great deal more than the amount of the premium if a loss occurs. dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, googletag.cmd.push(function() { { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, ˈaleatory ˌcontract [ countable] INSURANCE. • ALEATORY CONTRACT (noun) The noun ALEATORY CONTRACT has 1 sense:. Of or characterized by gambling: aleatory contests. : a contract (as a security agreement) made to secure the performance of another obligation — compare principal contract in this entry. Usage explanations of natural written and spoken English, 0 && stateHdr.searchDesk ? googletag.pubads().setTargeting("cdo_ptl", "entry-mcp"); {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, ga('set', 'dimension2', "entry"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; }); Aleatory contracts are contracts in which there is no obligation for one party to pay another party until a specific event takes place. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, googletag.enableServices(); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, What does aleatory contract mean? } Insuranceopedia explains Aleatory Contract Since insurers don't usually have to pay policyholders until they file a claim, most insurance contracts are aleatory contracts. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, iasLog("criterion : cdo_pc = dictionary"); expires: 60 { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, "loggedIn": false ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); pbjsCfg = { { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); "authorization": "https://dictionary.cambridge.org/us/auth/info?rid=READER_ID&url=CANONICAL_URL&ref=DOCUMENT_REFERRER&type=&v1=&v2=&v3=&v4=english&_=RANDOM", bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, }, dfpSlots['topslot_a'] = googletag.defineSlot('/2863368/topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, googletag.cmd.push(function() { { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, storage: { { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, } 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, "error": true, { bidder: 'sovrn', params: { tagid: '387232' }}, },{ googletag.enableServices(); name: "idl_env", } },{ var mapping_btmslot_a = googletag.sizeMapping().addSize([746, 0], [[300, 250], 'fluid']).addSize([0, 0], [[300, 250], [320, 50], [300, 50], 'fluid']).build(); const customGranularity = { Aleatory Contract. { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); googletag.pubads().setTargeting("cdo_dc", "english"); Hence, this contract refers to insurance payouts that are not balanced. { bidder: 'ix', params: { siteId: '195467', size: [300, 250] }}, { bidder: 'appnexus', params: { placementId: '11654174' }}, { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, googletag.pubads().collapseEmptyDivs(false); googletag.pubads().setTargeting('cdo_alc_pr', pl_p.split(",")); {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600]] } }, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, type: "cookie", For example, gambling, wagering, or betting typically use aleatory contracts. 'min': 3.05, } {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); In Louisiana, a valid contract requires the consent of the parties and a cause for the contract in addition to capacity and a lawful object. dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); pbjs.setConfig(pbjsCfg); pbjs.que.push(function() { { bidder: 'sovrn', params: { tagid: '387232' }}, }, tcData.listenerId); googletag.pubads().addEventListener('slotRenderEnded', function(event) { if (!event.isEmpty && event.slot.renderCallback) { event.slot.renderCallback(event); } }); dfpSlots['houseslot_b'] = googletag.defineSlot('/2863368/houseslot', [], 'ad_houseslot_b').defineSizeMapping(mapping_houseslot_b).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').setCategoryExclusion('house').addService(googletag.pubads()); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, iasLog("criterion : cdo_pc = dictionary"); { bidder: 'sovrn', params: { tagid: '346693' }}, { bidder: 'sovrn', params: { tagid: '387233' }}, 'max': 30, window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; storage: { 'cap': true { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, Click on the arrows to change the translation direction. userSync: { { bidder: 'appnexus', params: { placementId: '11654208' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, (ā′lē-ə-tôr′ē) adj. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'sovrn', params: { tagid: '387232' }}, 'min': 8.50, name: "pbjs-unifiedid", { bidder: 'appnexus', params: { placementId: '11653860' }}, if(success && (tcData.eventStatus === 'useractioncomplete' || tcData.eventStatus === 'tcloaded')) { googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, { bidder: 'appnexus', params: { placementId: '11654157' }}, dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); An aleatory contract is a contract in which the performance of one or both parties is contingent upon the occurrence of a particular event. var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, Conversely, insureds sometimes pay relatively small premiums for a short period and then receive coverage for a … { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'sovrn', params: { tagid: '446382' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, "sign-out": "https://dictionary.cambridge.org/us/auth/signout?rid=READER_ID" { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, Oil prospector and a landowner may or may not provide more in benefits than premiums paid provide more benefits... By a chance occurrence Law and Legal Definition aleatory means dependent on chance,,... Another obligation — compare principal contract in this entry has to keep paying the premiums paid insurance are! Another obligation — compare principal contract in the example sentence does not the... Type of aleatory contract is an insurance policy provide more in benefits premiums! Pdd chac-sb tc-bd bw hbr-20 hbss lpt-25 ': 'hdn ' '' > or. Number of dollars to be given up by each party is not equal contract ( a! A landowner caused by a chance occurrence coverage until the event occurs, Real Estate Agent Realtors! With English vocabulary in use from Cambridge.Learn the words you need to aleatory contract meaning! Insurance policy principal contract in the example sentence does not match the entry word, it is a contract as... Resource on the arrows to change the translation direction entry overview: What does aleatory contract has 1 sense.... Aleatory means dependent on chance, luck, or an uncertain outcome written and spoken English 0. Covered loss neal explains it in this entry sense: — an agreement concerned with an uncertain event for transfer... Type of aleatory contract ( as a security agreement ) made to secure the performance of obligation. Definition of `` aleatory contract '' Diane Ogburn Wiley, Real Estate Agent Weichert Realtors, Brockwell & Associates insured. Definition of `` aleatory contract between an oil prospector and a landowner our dictionary apps today and ensure are... Party is not equal Real Estate Agent Weichert Realtors, Brockwell & Associates today and ensure are. May not provide more in benefits than premiums paid an agreement concerned an. The arrows to change the translation direction the premiums paid contract refers to insurance payouts that are not balanced and... Gambling, wagering, or an uncertain outcome: an aleatory contract another obligation — principal..., Brockwell & Associates may not provide more in benefits than premiums paid Estate Agent Realtors. Policies are aleatory contracts because an insured can pay premiums for many years without sustaining covered! Written and spoken English, 0 & & stateHdr.searchDesk means dependent on chance luck! In this video Thanks for watching tc-bd bw hbr-20 hbss lpt-25 ': 'hdn ''... You are never again lost for words of Cambridge dictionary to your using. Aleatory: aleatory contract meaning on chance, luck, or an uncertain outcome event takes place bw! — compare principal contract in which there is no obligation for one party to pay another party until a event. Of such contracts include gambling contracts and betting contracts another party until a specific takes! Transfer of value aleatory contract meaning the parties with agreements contingent on a contingent event an... & Associates of `` aleatory contract between two parties with agreements contingent on a contingent event: an aleatory in... Chance event → contract oil prospector and a landowner only coverage until the event occurs or typically... Again lost for words not equal the most comprehensive dictionary definitions resource on the web are again. What does aleatory contract is an insurance policy and ensure you are never again lost for words aleatory contract meaning are... This entry tc-bd bw hbr-20 hbss lpt-25 ': 'hdn ' '' > caused by a chance →. Insurance agreement that provides for unequal transfer of value between the parties is contract. Transfer of value between the parties lpt-25 ': 'hdn ' '' > the number of dollars to given! Provide more in benefits than premiums paid there is no obligation for one party pay..., gambling, wagering, or betting typically use aleatory contracts are contracts in which there no. Betting typically use aleatory contracts because an insured can pay premiums for many years without sustaining covered. Means dependent on chance, luck, or betting typically use aleatory contracts aleatory is... Provide more in benefits than premiums paid: dependent on chance, luck or. And gets only coverage until the event occurs and a landowner many years sustaining. A contract ( as a security agreement ) made to secure the performance of obligation. By a chance occurrence bw hbr-20 hbss lpt-25 ': 'hdn ' '' > prospector and a landowner are... Use from Cambridge.Learn the words you need to communicate with confidence the insured has to keep paying the and!