Time Is Of The Essence

Business / Real Estate / Time Is Of The Essence: A contract clause that emphasizes punctual performance as an essential requirement of the contract. Thus, if any party to the instrument does not perform within the specified time period (the drop-dead date), that party is in default, provided the nondefaulting party has made a valid tender of performance. If no tender is made, then the clause may be waived. The clause may also be waived by the subsequent acts of the parties such as accepting tardy payments or signing escrow instructions that allow for extensions of time in which to perform.

Other Words for Essence

Essence Noun Synonyms: quintessence, quiddity, (essential) nature, substance, spirit, being, heart, core, pith, kernel, marrow, soul, significance, (active) principle, crux, cornerstone, foundation-stone, bottom line
Essence Verb Synonyms: extract, concentrate, distillate, elixir, tincture
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Other Words for The

The Adjective Synonyms: drama, the stage, dramaturgy, dramatic or Thespian or histrionic art(s), the boards, show business, showbiz
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Other Words for Time

Time Noun Synonyms: period, interval, stretch, spell, patch
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Philadelphia Board Of Trade (PBOT)

Business / Finance / Philadelphia Board Of Trade (PBOT): A subsidiary of the Philadelphia Stock Exchange that trades currency futures. MORE

Phenol Varnish

Entertainment / Photography / Phenol Varnish: Resin used to produce a hard durable top coating. MORE

Pharmacy And Therapeutics Committee

Health / Health Insurance / Pharmacy And Therapeutics Committee: Committee charged with developing a formulary, reviewing changes to that formulary, and reviewing abnormal prescription utilization patterns by providers. MORE

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