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Simple English definitions for legal terms
sealed and delivered
Read a random definition: stripped mortgage-backed security
A quick definition of sealed and delivered:
Sealed and delivered: This means that a document has been signed and given to the person it was intended for. It's like putting a stamp on an envelope and sending it off. When someone says "sealed and delivered," it means that everything is complete and finished.
A more thorough explanation:
Definition: Sealed and delivered is a phrase used to indicate that a legal document has been signed and delivered to the intended recipient.
For example, when a contract is signed by both parties and then physically delivered to each party, it is considered to be sealed and delivered. This phrase is often used in the context of a certificate of acknowledgment, which is a statement that the instrument was executed by the person acknowledging it.
Here is an example of how the phrase might be used in a sentence:
"After months of negotiations, the contract was finally sealed and delivered to both parties."
This example illustrates how the phrase is used to indicate that a legal document has been signed and delivered to the intended recipient.