insurance contract liabilities(nsurance contract liabilities including unit-linked liabilities 2,152 3,903 Insurance contract liabilities relate principally to the Group’s long-term business. Insurance contract liabilities associated with the Group’s short-term non-life business are £73m (2007: £174m). Alexander Demidov)
treaty obligation(His delegation found the approach articulated in that section difficult to reconcile with the fundamental principle of treaty law that a State should be bound only to the extent that it voluntarily assumed a treaty obligation. RealMadrid)
repudiate a contract(Law refuse to fulfil or discharge (an agreement, obligation, or debt): breach of a condition gives the other party the right to repudiate a contract. NOED Alexander Demidov)
opt out of a contract(The transformation of public obligation to personal responsibility is effected by the social contract; insofar as individuals opt out of the contract, they opt out of ... Alexander Demidov)