Addendum
Definition of 'Addendum'An attachment to an a document such as an insurance policy that changes the original policy conditions, either to include or exclude coverage. The addendum becomes part of the legal contract. |
|
Investopedia explains 'Addendum'In insurance, endorsement is an addendum attached to the original policy that alters or replaces the previous provisions.In real estate purchase agreements, an addendum is a document containing any changes or modifications negotiated in the original lease. Usually, an addendum is attached to the signed lease, as a part of the lease, and describes financing terms and property inspection requirements. For contracts, if the addendum alters a contract, which has already been signed by all parties, it is known as an amendment. |
Related Definitions
Articles Of Interest
-
How To Invest In Commodities
Find out which futures, options or funds will be your perfect commodity portfolio fit. -
Sugar: A Sweet Deal For Investors
From sugar beet to sugar cane, this sector is growing despite a lot of sour challenges. -
An Introduction To Managed Futures
Their inverse correlation with stocks and bonds make these alternative investments worth getting to know. -
Solutions For Concentrated Positions
Learn various tactics for divesting your overexposure to any one stock. -
Moral Hazards: A Bump In The Contract Road
Learn how this phenomenon can cause a party in an agreement to behave differently than expected. -
5 Things You Should Know About The New Health Insurance Marketplace
Here are five things you should know about the new Health Insurance Marketplace (AKA Health Insurance Exchange), which launches on October 1. -
What changes might I need to make to my insurance policy?
The number one thing to remember about insurance is that, just like everything else, it changes over time. The top-of-the-line policy that you bought five years ago might not even be available ... -
The Beginner's Guide To Homeowners' Insurance
Discover everything new homeowners need to know before they sign on the dotted line. -
Life Insurance Clauses Determine Your Coverage
Understanding these key parts of your policy will help you to ensure that your family will be covered. -
Why would you want a monthly benefit versus a daily benefit?
An insurance benefit is the amount of money paid to or on behalf of the policyholder. Depending on what kind of insurance policy the policyholder signs up for, the payments are made directly ...
Free Annual Reports