contract[kän′trakt′for n. & usually for vt.1 & vi.1; kən trakt′for v.generally]
- The definition of a contract is an agreement between two or more people to do something.
- An example of contract is a loan agreement between buyers and sellers of a car.
- An example of contract is an agreement between two people to be married.
- Contract is defined as to acquire something or to hire someone to do work.
- An example of contract is a child getting lice from a classmate.
- An example of contract is hiring someone to do plumbing work in a house.
- an agreement between two or more people to do something, esp. one formally set forth in writing and enforceable by law; compact; covenant
- a formal agreement of marriage or betrothal
- a document containing the terms of a contract
- the branch of law having to do with contracts
- ☆ Informal an assignment to murder someone for pay
- the highest bid in an auction
- the number of tricks, and the suit or no-trump preference, stated in such a bid
- contract bridge
Origin of contractOld French ; from Classical Latin contractus, past participle of contrahere, to draw together, make a bargain ; from com-, together + trahere, to draw
- to enter upon, or undertake, by contract
- to hire (a person, business, etc.) to perform under contract: we contracted him to fix the roof
- to get, acquire, or incur: to contract a disease, a debt, etc.
- to reduce in size; draw together; narrow; shrink; shorten: cold contracts metals
- to draw (the brow or brows) together; knit
- to narrow in scope; restrict
- Rare to betroth
- Gram. to shorten (a word or phrase) by the omission of a letter or sound, as in I'm, e'er, can't
- to make a contract; agree formally: to contract for a new car
- to become reduced in size or bulk; draw together; shrink; narrow; shorten
- to assign (a job) by contract; specif., to subcontract
- Chiefly Brit. to withdraw from a contract or agreement
- a. An agreement between two or more parties, especially one that is written and enforceable by law.b. The writing or document containing such an agreement.
- The branch of law dealing with formal agreements between parties.
- Marriage as a formal agreement; betrothal.
- Games a. The last and highest bid of a suit in one hand in bridge.b. The number of tricks thus bid.c. Contract bridge.
- A paid assignment to murder someone: put out a contract on the mobster's life.
verbcon·tract·ed, con·tract·ing, con·tracts
- To enter into by contract; establish or settle by formal agreement: contract a marriage.
- To acquire or incur: contract obligations; contract a serious illness.
- a. To reduce in size by drawing together; shrink.b. To pull together; wrinkle.
- Grammar To shorten (a word or words) by omitting or combining some of the letters or sounds, as do not to don't.
- To enter into or make an agreement: contract for garbage collection.
- To become reduced in size by or as if by being drawn together: The pupils of the patient's eyes contracted.
Origin of contractMiddle English, from Latin contractus, past participle of contrahere, to draw together, make a contract : com-, com- + trahere, to draw.
- An agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.
- Marriage is a contract.
- (law) An agreement which the law will enforce in some way. A legally binding contract must contain at least one promise, i.e., a commitment or offer, by an offeror to and accepted by an offeree to do something in the future. A contract is thus executory rather than executed.
- (law) A part of legal studies dealing with laws and jurisdiction related to contracts.
- (informal) An order, usually given to a hired assassin, to kill someone.
- The mafia boss put a contract out on the man who betrayed him.
- (bridge) The declarer's undertaking to win the number of tricks bid with a stated suit as trump.
- (obsolete) Contracted; affianced; betrothed.
From Middle English, from Old French contract, from Latin contractum, past participle of contrahere (“to bring together, to bring about, to conclude a bargain”), from con- (“with, together”) + trahere (“to draw, to pull”).
(third-person singular simple present contracts, present participle contracting, simple past and past participle contracted)
- (intransitive) To draw together or nearer; to shorten, narrow, or lessen.
- The snail's body contracted into its shell.
- to contract one's sphere of action
- (grammar) To shorten by omitting a letter or letters or by reducing two or more vowels or syllables to one.
- The word "cannot" is often contracted into "can't".
- To enter into a contract with.
- To enter into, with mutual obligations; to make a bargain or covenant for.
- (intransitive) To make an agreement or contract; to covenant; to agree; to bargain.
- to contract for carrying the mail
- To bring on; to incur; to acquire.
- She contracted the habit of smoking in her teens.
- to contract a debt
- To gain or acquire (an illness).
- To draw together so as to wrinkle; to knit.
- To betroth; to affiance.
From Middle English, from Middle French contracter, from Latin contractum, past participle of contrahere (“to bring together, to bring about, to conclude a bargain”), from con- (“with, together”) + trahere (“to draw, to pull”). the verb developed after the noun, and originally meant only "draw together"; the sense "make a contract with" developed later.
contract - Investment & Finance Definition
A legal agreement that sets up the terms for a purchase or sale of property or rights, or outlines an agreement about a common business venture or other business deal. Part of a contract is the receipt of money, known as lawful consideration. In general, for a contract to be considered valid, it must be entered into by competent parties, must pertain to a legal transaction, and must possess mutuality and a meeting of minds.
contract - Legal Definition
- A contract in which all the promises owed by the parties have been performed and all the obligations have been discharged. See also executory contract.
- A signed contract.
- See implied-in-fact contract.
- See implied-in-law contract. See also express contract.
- A contract in which the obligations of one or more parties (for example, the delivery of goods, performance of services, or payment of money) is authorized or required to be completed in a series of increments over a period of time.
- Under the Uniform Commercial Code, a contract that authorizes or requires the delivery of goods in separate lots that will each be separately accepted. A severable contract; each delivery is, in reality, an independent contract.
- See implied-in-law contract.
- A name for a claim for relief for restitution, especially one for quantum meruit.
- A contract that is not legally enforceable. See also voidable contract.
- A contract whose terms have been completely fulfilled.
- A contract that can be voided at the will of one or more parties. The power to void the contract is not necessarily available to all the parties of the contract. For example, a person who is under the age of capacity can reject her rights and obligations under a contract and make it void without any repercussions, but until she does so, the contract is valid. However, an adult who entered that same contract cannot void it, and any attempt to do so will be a breach of contract and make her liable for damages.
- A contract that is void to a wrongdoer, but not to the party who is wronged unless the injured party decides to treat the contract as void. See also void contract.