contract
1con·tract
noun \ˈkän-ˌtrakt\Definition of CONTRACT
Examples of CONTRACT
- The contract requires him to finish work by the end of the year.
- I tore up the contract.
- Have you signed the contract yet?
Origin of CONTRACT
Other Business Terms
Rhymes with CONTRACT
2con·tract
verb \vt 2a & vi 1 usually ˈkän-ˌtrakt, others usually kən-ˈ\Definition of CONTRACT
Examples of CONTRACT
- She contracted her lips into a frown.
- The muscle expands and then contracts.
- The hot metal contracted as it cooled.
Origin of CONTRACT
Related to CONTRACT
- Synonyms
- catch, come down (with), get, go down (with) [chiefly British], sicken (with), take
Synonym Discussion of CONTRACT
3contract
adjectiveDefinition of CONTRACT
First Known Use of CONTRACT
con·tract
transitive verb \kən-ˈtrakt also ˈkän-ˌtrakt\ (Medical Dictionary)Medical Definition of CONTRACT
contract
noun (Concise Encyclopedia)Agreement between two or more parties that creates for each party a duty to do something (e.g., to provide goods at a certain price according to a specified schedule) or a duty not to do something (e.g., to divulge an employer's trade secrets or financial status to third parties). A party's failure to honour a contract allows the other party or parties to bring an action for damages in a court of law, though arbitration may also be pursued in an effort to keep the matter confidential. In order to be valid, a contract must be entered into both willingly and freely. A contract that violates this principle, including one made with a legal minor or a person deemed mentally incompetent, may be declared unenforceable. A contract also must have a lawful objective.
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