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oral contract Finance Definition

An agreement to do business or a sales transaction that has been spoken but not put on paper. Oral contracts are legally enforceable; however, it is a better business practice to put contracts in writing.

Browse dictionary entries near oral contract

  1. oral argument
  2. oral
  3. Oradea
  4. orad
  5. oracular
  6. oracle
  7. orach
  8. ora
  9. -or
  10. or
  1. oral deposition
  2. oral history
  3. oral surgery
  4. oralism
  5. orality
  6. orally
  7. -orama
  8. Oran
  9. orang
  10. orange