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contract
(redirected from contractual)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.09 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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Under the FCC rules, there must be some sort of contractual arrangement made at least every 90 days in order to meet this criterion.
Is there a legal means for obtaining contractual relief?
Let us look at just one definition--that of "exceptional": "The contractor's performance meets contractual requirements and exceeds many (requirements) to the Government's benefit.
 
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