exclusive

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exclusive

1. Commerce (of a contract, agreement, etc.) binding the parties to do business only with each other with respect to a class of goods or services
2. Logic (of a disjunction) true if only one rather than both of its component propositions is true
References in periodicals archive ?
It also held that the anti-concurrent cause provisions in the insurance contracts were ambiguous and unenforceable in the hurricane-related loss context to the extent that such language, "purport[s] to exclude from coverage losses that would otherwise be covered, such as wind damage, when that covered loss happens to accompany water damage (an excluded loss).
designed to function in a manner 'analogous' to a spendthrift trust" could be excluded from the bankruptcy estate, holding instead "only an interest in a trust can be the subject of an enforceable transfer restriction within the meaning of 11 U.
The writer tells the people they are to imagine themselves in the place of those who are excluded.
Income and gains arising from dispositions of excluded property other than foreign affiliate shares to specified purchasers will be suspended (not included in exempt or taxable earnings of an affiliate) until the property is no longer owned by the specified purchaser or the purchaser ceases to meet the definition of specified purchaser.
Motorboats, construction equipment, airplanes, and farming equipment are specifically excluded from this category.
Instead, Rieger proposes a lateral shift: not a vertical turn (inward or upward, so to speak), but a horizontal move outward--to the excluded neighbor.
The question before the court was whether an S corporation shareholder could increase his or her stock basis by the amount of the excluded COD income.
Excluded dates: 4-5 April, 2-3 May, 16-31 May, Excluded room categories: 4 poster rooms & suites.
Property that is essential to self-support may be fully or partially excluded as an asset.
In 1976 Pope Paul VI assigned the Pontifical Biblical Commission to investigate the scriptural evidence regarding women's ordination, and the commission's member scholars voted 17-0 that the "New Testament does not settle the question [of women's ordination] in a clear way, once and for all; [and] 12-5 that neither Scripture nor Christ's plan alone excluded the possibility.
3) If a joint return is filed for the sale year, up to $500,000 of the gain may be excluded, if (1) at least one of the spouses owned the property for two of the five years prior to its sale, (2) both spouses used it as their principal residence for two of the five years prior to its sale and (3) neither spouse excluded gain under Sec.