contract

Definition

  • noun: a legal agreement between people, companies, etc.
  • noun: a binding agreement between two or more persons or parties
  • verb: to make (something) smaller or shorter
  • verb: to bring on oneself especially inadvertently
  • often used before another noun
  • synonyms: narrow, shorten, abridge

Examples

  • The company won a multi-million-dollar 'contract' to build a new courthouse. = The company was awarded a multi-million-dollar 'contract' to build a new courthouse.

  • The company 'contracted out' its manufacturing jobs. [=the company paid another company to do its manufacturing jobs instead of doing them itself]

  • If he breaks the 'contract' [=if he does not abide by the agreement], he will get sued.

Movie clips

Movie quotes

  • (..) Where do you have our position-mark? I think it's the same Mike What? Can you explain that to me please? H-H-H How can the value of an insurance-contract Not be affected by the demise of the very thing it insures? They're independent markets, They're not always correlated! I know it sounds odd, (..)
    2015 The Big Short