Definition of Contract
Contract
con·tract


Definition/Meaning
(noun)
a formal and legally-enforceable agreement between two or more people/parties, usually in writing and concerning a matter of business, or a document outlining such an agreement;

e.g. A lease for renting property is essentially a contract between the landlord and the tenant.

(verb)
to become smaller in size by being forced or squeezed together, or broadly, to decrease in range or number;

e.g. The muscles in your body contract to help you move.

(verb)
to develop some condition, especially to catch some illness;

e.g. There is a high risk that you will contract the disease if you come into contact with an infected person.

(verb)
to enter into a formal agreement between two or more people/parties that is binding/enforceable by law;

e.g. The company plans to contract out this portion of the task to an outside agency.

(adjective)
hired to execute some formal agreement, especially an arrangement to kill someone;

e.g. He was hired as a contract killer to assassinate the minister.



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