ASSESSMENT CONTRACT - Black's Law Dictionary

What is ASSESSMENT CONTRACT? Definition of ASSESSMENT CONTRACT in Black's Law Dictionary

One wherein the payment of the benefit is in any manner or degree dependent on the collection of an assessment levied on persons holding similar contracts. Folkens v. Insurance Co., 98 Mo.App. 480, 72 S.W. 720.

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That's the definition of ASSESSMENT CONTRACT in Black's Law Dictionary - Courtesy of Cekhukum.com.