Webadjective. Law. depending on a contingent event: an aleatory contract. of or relating to accidental causes; of luck or chance; unpredictable: an aleatory element. Music. … WebInherent (or aleatory) variability –natural (intrinsic, irreducible or fundamental) random uncertainty of a situation. ... This is a conservative definition of progressive collapse. Loads from the most heavily damaged column will likely be redistributed to adjacent columns if the building is a special moment resisting frame (e.g., seismic ...
Aleatoric - definition of aleatoric by The Free Dictionary
WebA mutual agreement, of which the effects, with respect both to the advantages and losses, whether to all the parties, or to some of them, depend on an uncertain event. Civ. Code of Louis. art. 2951. 2. These contracts are of two kinds; namely, 1. When one of the parties exposes himself to lose something which will be a profit to the other, in ... Webaleatory. relating to music or other forms of art that involve elements of chance in their creation or performance. Some will be amused to know that Mozart composed aleatory … stan cooper photography
aleatory - Wiktionary
WebApr 4, 2024 · An aleatory contract is an agreement in which one of the parties, or both the parties reciprocally, are uncertain as to their obligation to perform. Basically, it is a contract that depends upon a chance occurrence. Examples of such contracts include gambling contracts and betting contracts. Back To: COMMERCIAL LAW: CONTRACTS, … WebAn aleatory contract is a type of agreement between two or more parties that is enforceable by law. It is a contract that is dependent on an uncertain event, such as a natural disaster or a lottery. The outcome of the event will determine the obligations of the parties involved. For example, if a person buys insurance, they are entering into an ... WebAug 6, 2024 · Annuity and aleatory contract. Definition: The term annuity means “a form of insurance or investment entitling the investor to a series of annual sums”. An annuity contract is a contract between an insurance company and the annuitant in which the annuitant makes a lump-sum payment or series of payments and, in return, receives … stan cook barefoot dreams