conditional contract

conditional contract definition - business

conditional contract

A binding agreement that includes conditions that must be satisfied before any of the parties become obligated. For example, a contract to purchase a home may be conditional on the buyer being able to obtain financing.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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