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Word of the Day: Caveat
Many times, when we come to an agreement with someone about something, there are conditions attached to it.
These conditions are similar to warnings or particular limits and can be called caveats.
For example, Henry Ford is famous for saying a customer could have his car painted any colour he wanted as long as it was black.
That’s a big caveat, but people bought his vehicles anyway.
Eventually, more colours were added, and today you can have almost any colour you want as long as you are willing to pay for it.
Hey, that’s another caveat right there.
Parents add caveats to their agreements with their children all the time.
A mother may give her daughter permission to go to the mall but say she has to be inside the house by 7:30 PM.
That curfew is a caveat to gaining consent.
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As I like to say, there’s always a but – and that but is a caveat.
In North America, you can negotiate a home loan with a very low interest rate.
The caveat is that in three years when you have to renegotiate, the rate will increase.
Pretty much everything in life has a caveat, but it’s especially true in business contracts.
A company may negotiate an excellent price for parts that they can supply with one caveat; if their shipment is late, they must pay a penalty to the buyer.
Often it doesn’t matter why the delivery was delayed.
That’s why now, with the coronavirus lockdown, many companies were forced to try to renegotiate contracts.
They argue that a pandemic lockdown was a force majeure, and the conditions of the agreement should not be applied.
Flesch-Kincaid Readability Test
This post is understandable by someone with at least an 8th-grade education (age 13 – 14).
On the Flesch-Kincaid reading-ease test, this post scores 67.
The easier a passage is to read, the higher the score on a scale of 0 – 100.