Investment Banking
Operating Economies
November 9, 2021
Finance
Discrete Payoff Bull Note
November 9, 2021

A non-compensatory contract in which a property (or any form of wealth) is donated by one party to another against no consideration. The donor transfers ownership of the property to the donee free of any commitment or obligation. Among the key gratuitous contracts are:

A gratuitous contract is also known as a noncommutative contract.

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