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contract
(redirected from Contracting out)

    Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.02 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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This is a disturbing revelation that illustrates just how far some government agencies have gone in contracting out their core mission and even their functional ability to challenge the contractor's performance.
Why training for service contract management is mission essential by Friar, Allen / Defense A R Journal
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