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contract
(redirected from Binding agreement)

    Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Contract
A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange.
contract
1. In futures trading, an agreement between two parties to make and take delivery of a specified commodity on a given date at a predetermined location.
2. In options trading, an agreement by the writer either to buy (if a put) or to sell (if a call) a given asset at a predetermined price until a certain date. The holder of the option is under no obligation to act.
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has entered into a binding agreement to raise $24 million in a private placement of common stock and the concurrent issuance of warrants for the purchase of common stock.
Stock issues by Los Angeles Business Journal
Rhodia signed a binding agreement for the sale of its European cartridge silicone sealants business to Henkel.
Rhodia signed a binding agreement by Rubber World
Therefore, the Second Circuit dismissed Merrill Lynch's argument that a binding agreement was necessary.
Firm-and-fixed-plan rule reaffirmed by Schnee, Edward J. / Journal of Accountancy
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