contract
Definition 1
A binding agreement between two or more parties for performing, or refraining from performing, some specified act(s) in exchange for lawful consideration.
Definition 2
The unit of trade for a financial or commodity future.
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Related Terms
option contract, adhesion contract, binder, boilerplate, bullet contract, forward contract, GIC, instrument, insurance policy, rescind, rider, service contract, take-or-pay contract, terms, acceptance, express agreement, contract size
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