What does Coterminous mean?
How do you legally define it?
What are the essential elements you should know!
In this article, we will break down the legal definition of Coterminous so you know all there is to know about it!
Keep reading as we have gathered exactly the information that you need!
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The general definition of the term “coterminous” is to refer to something or some aspects that have the same or similar scope, boundaries, or duration.
For example, she will experience life to its fullest extent coterminous with her mother.
According to the Merriam-Webster dictionary, coterminous is defined as:
“Existing or occurring at the same period of time” or “occupying the same space”.
The word coterminous comes from the Latin term “conterminus” where “con” means “with” and “terminus” means “border” or “end”.
When you use the word coterminous, you are suggesting:
- A meeting end-to-end
- Something adjoining another
- Something having the same boundary as another
- Something having the same scope or range as another
- Contracts, leases, or legal relationships to be linked or related
The word coterminous is pronounced as follows: ko-tur-mi-nus
Coterminous In A Sentence
Let’s look at the term coterminous in a sentence to see how it is used in plain English:
The boundaries of the committee are coterminous with the powers granted to it by the board of directors
This woman’s influence over the people is not coterminous with the boundaries of her country
Non-coterminous means that the boundaries, scope, or duration of something is not consistent with another.
For example, the mortgage lender offered the borrower a second mortgage with a term that was non-coterminous with the term of the original loan.
This means that the original mortgage will end at a date prior to the expected term of the second mortgage.
If the lender wanted the borrower’s second mortgage to end on the same date as the original mortgage, then it could have made the second loan term coterminous with the original one.
Coterminous In Contracts
Lawyers and legal professionals involved in drafting contracts or writing legal documents must carefully choose the words and terms employed in their contracts.
Different jurisdictions may legally qualify or define a word in different ways.
Let’s look at what the term coterminous may mean in a contract by looking at a few examples:
Example 1: Lease Agreement
The tenant shall have the right to the shorter lease term for the New Property, with an option to extend the term as to the New Property to make it coterminous with the term of the original Lease
Example 2: Loan Agreement
The Borrowings under this Supplemental Term Loans shall be in such amounts and shall have such Interest Periods as shall be required so that such Borrowings shall be coterminous with the Borrowings in effect on the Initial Funding.
Here is a short list of synonyms related to the word coterminous:
Coterminous Meaning Takeaways
So, how do you define coterminous?
What does coterminous mean in a contract?
What Is Coterminous?
Let’s look at a summary of our findings and its legal definition.
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