Glossary of Legal Terms
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Foreigners, stateless persons, foreign legal entities and their representations, as well as legal entities of Azerbaijan Republic with more than 50 percent foreign investment in the registered capital
Entities and persons other than those specified in paragraph 8 of this article
Legal entity established outside of the Azerbaijan Republic
Agreement, confirming the obligation to purchase (sell) securities, goods or monetary means in future at specified time and indicated terms at the price indicated at the time of when such forward contract was signed
Documents that form legal basis for establishment and activities of the legal entity and other structures stipulated under this Law
Is an agreement from the insurer side implementing fronting on transfer of risks in full at the other insurer s suggestion to this insurer with receiving of brokerage premium based on issuing of insurance certificate and reinsurance agreement
The form of organizing of mutual insurance activities on the basis of an agreement singed among the insurers to ensure their paying capacity in insuring of high insurance risks and to guarantee the protection of property interests of the insured
Is the sign, informing about goods origin in relation to the territory of the state or zone, or area (geographical location), reflecting its peculiar qualities, popularity or other characteristics
Product with certain quantitative and qualitative features, products in solid, fluid and gaseous state, equipment, raw materials as well as electric energy
Donated special purpose financial resources from domestic and external sources