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| Definitions by InvestorWords.com |
| What is...? |
| contract A binding agreement between two or more parties for performing, or refraining from performing, some specified act(s) in exchange for lawful consideration. Also, the unit of trade for a financial or commodity future. see also option contract, adhesion contract, binder, boilerplate, bullet contract, cash contract, forward contract, GIC, instrument, insurance policy, rescind, rider, service contract, take-or-pay contract, terms. |
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