Binder

Summary of Binder

A temporary, often abbreviated document evidencing that insurance coverage has been effected. A binder is an interim measure until the full policy is prepared.

(Main Author: William J. Miller)

Binder in International Trade

Meaning of Binder, according to the Dictionary of International Trade (Global Negotiator): A document certifying temporary insurance coverage. A binder is issued by an insurance company or its agent pending the issuance of an insurance policy.

Binder

Resources

See Also

• Binding receipt
• Cover note