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contract
(redirected from Law of contracts)

    Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.04 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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in the law of contracts, fulfillment of the obligations agreed to in a contract, with only slight variances from the exact terms and/or unimportant omissions or minor defects.
RADAR LOVE NORTHRUP'S B-2 ANTENNA DEAL WORTH $34.2 MILLION by Daily News (Los Angeles, CA)
in the law of contracts, fulfillment of the obligations agreed to in a contract, with only slight variances from the exact terms and/or unimportant omissions or minor defects.
UNISYS JUMP STARTS ITANIUM 2-BASED SERVER PERFORMANCE BOOST by EDP Weekly's IT Monitor
a general assumption of the law of contracts, that people will act in good faith and deal fairly without breaking their word, using shifty means to avoid obligations, or denying what the other party obviously understood.
WellPoint Sues Aetna, Claiming Breach of Contract Over Hiring by Best's Review
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