Contract correct spelling

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Definition by Wiktionary (Licensed under Creative Commons Attribution/Share-Alike License)

contractcon*tract" (k&obreve;n*trăkt"), v. t. [imp. & p. p. contracted; p. pr. & vb. n. contracting.] [l. contractus, p. p. of contrahere to contract; con- + trahere to draw: cf. f. contracter. see trace, and cf. contract, n.] 1. to draw together or nearer; to reduce to a less compass; to shorten, narrow, or lessen; as, to contract one's sphere of action. in all things desuetude doth contract and narrow our faculties. h. more. 2. to draw together so as to wrinkle; to knit. thou didst contract and purse thy brow. 3. to bring on; to incur; to acquire; as, to contract a habit; to contract a debt; to contract a disease. each from each contract new strength and light. such behavior we contract by having much conversed with persons of high station. 4. to enter into, with mutual obligations; to make a bargain or covenant for. we have contracted an inviolable amity, peace, and lague with the aforesaid queen. akluyt. many persons had contracted marriage within the degrees of consanguinity prohibited by law. 5. to betroth; to affiance. the truth is, she and i, long since contracted, are now so sure, that nothing can dissolve us. 6. (gram.) to shorten by omitting a letter or letters or by reducing two or more vowels or syllables to one.   similar words(8) 

 labor contract  requirements contract  quasi contract  term of a contract  divisible contract  literal contract  unilateral contract  yellow-dog contract 

(v. i.)

To make an agreement; to covenant; to agree; to bargain; as, to contract for carrying the mail.  

(v. i.)

To be drawn together so as to be diminished in size or extent; to shrink; to be reduced in compass or in duration; as, iron contracts in cooling; a rope contracts when wet.  


To shorten by omitting a letter or letters or by reducing two or more vowels or syllables to one.  


To enter into, with mutual obligations; to make a bargain or covenant for.  


To draw together so as to wrinkle; to knit.  


To draw together or nearer; to reduce to a less compass; to shorten, narrow, or lessen; as, to contract one's sphere of action.  


To bring on; to incur; to acquire; as, to contract a habit; to contract a debt; to contract a disease.  


To betroth; to affiance.  


The agreement of two or more persons, upon a sufficient consideration or cause, to do, or to abstain from doing, some act; an agreement in which a party undertakes to do, or not to do, a particular thing; a formal bargain; a compact; an interchange of legal rights.  


The act of formally betrothing a man and woman.  


A formal writing which contains the agreement of parties, with the terms and conditions, and which serves as a proof of the obligation.  


Contracted; as, a contract verb.  


Contracted; affianced; betrothed.  

noun. A legalistic sounding term for an illegal agreement to murder a person.

Noun1. a binding agreement between two or more persons that is enforceable by law (hypernym) written agreement (hyponym) adhesion contract, contract of adhesion (part-meronym) arbitration clause (derivation) sign, sign on, sign up (class) broken, unkept2. (contract bridge) the highest bid becomes the contract setting the number of tricks that the bidder must make (synonym) declaration (hypernym) bid, bidding (part-holonym) bridge3. a variety of bridge in which the bidder receives points toward game only for the number of tricks he bid (synonym) contract bridge (hypernym) bridgeVerb1. enter into a contractual arrangement (synonym) undertake (hypernym) promise, assure (hyponym) stipulate2. engage by written agreement; "They signed two new pitchers for the next season" (synonym) sign, sign on, sign up (hypernym) hire, engage, employ (hyponym) contract out3. squeeze or press together; "she compressed her lips"; "the spasm contracted the muscle" (synonym) compress, constrict, squeeze, compact, press (hypernym) tighten (hyponym) choke, strangle (derivation) contraction, muscular contraction, muscle contraction4. become smaller or draw together; "The fabric shrank"; "The balloon shrank" (synonym) shrink (antonym) expand, spread out (hypernym) decrease, diminish, lessen, fall (hyponym) flex (derivation) contraction5. be stricken by an illness, fall victim to an illness; "He got AIDS"; "She came down with pneumonia"; "She took a chill" (synonym) take, get (hypernym) sicken, come down (hyponym) catch (verb-group) catch (derivation) catching, contracting6. make smaller; "The heat contracted the woollen garment" (hypernym) shrink, reduce (hyponym) purse, wrinkle (derivation) contraction7. compress or concentrate; "Congress condensed the three-year plan into a six-month plan" (synonym) condense, concentrate (hypernym) change, alter, modify (verb-group) condense (derivation) contraction8. make or become more narrow or restricted; "The selection was narrowed"; "The road narrowed" (synonym) narrow (hypernym) change (hyponym) bottleneck (derivation) contraction9. reduce in scope while retaining essential elements; "The manuscript must be shortened" (synonym) abridge, foreshorten, abbreviate, shorten, cut, reduce (antonym) elaborate, lucubrate, expatiate, exposit, enlarge, flesh out, expand, expound, dilate (hypernym) decrease, lessen, minify (hyponym) bowdlerize, bowdlerise, expurgate, castrate, shorten (verb-group) edit, cut, edit out (derivation) contraction

Ammod = n. a contract

Arfoll = n. reception, welcome; contract; promise

Tyrfu = v. to rise up; to turn up; to contract, to skrink

A legally enforceable agreement between two parties.

A legally enforceable agreement between two or more parties for performing, or refraining from performing, some specified act; e.g., delivering 5,000 bushels of corn at a specified grade, time, place, and price.

A call or put option issued by The options clearing Corporation .

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.

when acts or rights are agreed to by parties that are considered to be competent; a meeting of the minds.An agreement between two or more persons or entities which creates or modifies a legal relationship. generally based on offer and acceptance.

an agreement, usually written,listing the terms under which services are to be performed. A drilling contract covers such factors as the cost of drilling the well (whether by foot or by day), the distribution of expenses between operator and contractor, and type of equipment to be used.

an agreement between two (or more) parties in which each promises to perform in some way. contracts can be complex and should always be reviewed by an lawyer. A contract may not be binding if not correctly drafted and executed .

An agreement between persons which obliges each party to do or not to do a certain thing. - (read more on Contract)  

A promise, for the breach of which the law provides a remedy, or theperformance of which the law recognizes as a duty; a transaction involving twoor more individuals whereby each has reciprocal rights to demand performance ofwhat is promised.

An agreement between two or more competent parties in which an offer is made and accepted, and each party benefits. the agreement can be formal, informal, written, oral or just plain understood. some contracts are required to be in writing in order to be enforced. (2) An agreement between two or more parties which creates obligations to do or not do the specific things that are the subject of that agreement. examples of a contract are a lease, a promissory note, or a rental agreement.This term, in its more extensive sense, includes every description of agreement, or obligation, whereby one party becomes bound to another to pay a sum of money, or to do or omit to do a certain act; or, a contract is an act which contains a perfect obligation. In its more confined sense, it is an agreement between two or more persons, concerning something to be, done, whereby both parties are hound to each other, or one is bound to the other. blackstone defines it to be an agreement, upon a sufficient consideration, to do or not to do a particular thing. A contract has also been defined to be a compact between two or more persons.Contracts are divided into express or implied. An express contract is one where the terms of the agreement are openly uttered and avowed at the time of making, as to pay a stated price for certain goods.Express contracts are of three sorts: 1. By parol, or in writing, as contradistinguished from specialties. 2. By specialty or under seal. 3. Of record.A parol contract is defined to be a bargain or voluntary agreement made, either orally or in writing not under seal, upon a good consideration, between two or more persons capable of contracting, to do a lawful act or to omit to do something, the performance whereof is not enjoined by law.From this definition it appears, that to constitute a sufficient parol agreement, there must be:1st. the reciprocal or mutual assent of two or more persons competent to contract. every agreement ought to be so certain and complete, that each party may have an action upon it; and the agreement would be incomplete if either party withheld his assent to any of its terms. the agreement must, in general, be obligatory on both parties, or it binds neither. To this rule there are, however, some exceptions, as in the case of an infant's contract. He may always sue, though he cannot be sued on his contract.2d. there must be a good and valid consideration, motive or inducement to make the promise upon which a party is charged, for this is of the very essence of a contract under seal and must exist, although the contract be reduced to writing.3d. there must be a thing to be done, which is not forbidden; or a thing to be omitted, the performance of which is not enjoined by law. A fraudulent or immoral contract, or one contrary to public policy is void.The second kind of express contracts are specialties, or those which are made under seal, as deeds, bonds, and the like; they are not merely written, but delivered over by the party bound. the solemnity and deliberation with which, on account of the ceremonies to be observed, a deed or bond is presumed to be entered into, attach to it an importance and character which do not belong to a simple contract. In the case of a specially, no consideration is necessary to give it validity, even in a court of equity. When, a contract by specialty has been changed by a parol agreement, the whole of it becomes a parol contract.The highest kind of express contracts are those of record such as judgments, recognizances of bail, and in England, statutes merchant and staple, and other securities of the same nature, entered into with the intervention of some public authority.Implied contracts are such as reason and justice dictates, and which, therefore, the law presumes every man undertakes to perform; as if a man employs another to do any business for him or perform any work, the law implies that the former contracted or undertook to pay the latter as much as his labor is worth; or if one takes up goods from a tradesman without any agreement of price, the law concludes that he contracts to pay their value.Contracts considered in relation to their substance are either commutative or independent, principal or accessory.Commutative contracts are those in which what is done, given or promised by one party is considered as equivalent to, or in consideration of what is done, given or promised by the other.Independent contracts are those in which the mutual acts or promises have no relation to each other, either as equivalents or as considerations.A principal contract is one entered into by both parties, on their accounts, or in the several qualities they assume.An accessory contract is made for assuring the performance of a prior contract, either by the same parties or by others, such as suretyship, mortgage and pledges.Contracts, considered in relation to the motive for making them, are either gratuitous or onerous. To be gratuitous the object of a contract must be to benefit the person with whom it is made without any profit or advantage received or promised as a consideration for it. It is not, however, the less gratuitous if it proceed either from gratitude for a benefit before received, or from the hope of receiving one hereafter, although such benefits be of a pecuniary nature. any thing given or promised as a consideration for the engagement or gift; any service, interest or condition imposed on what is given or promised, although unequal to it in value, makes a contract onerous in its nature.Considered in relation to their effects, contracts are either certain or hazardous. A contract is certain when the thing to be done is supposed to depend on the will of the party or when, in the usual course of events, it must happen in the manner stipulated. It is hazardous when the performance of that which is one of its objects depends on an uncertain event. some divide contracts under the five following heads:Into reciprocal and unilateral.Into consensual or those which are formed by the mere consent of the parties such as sale, hiring and mandate; and those in which it is necessary there should be something more than mere consent, such as loan of money, deposit or pledge, which from their nature require a delivery of the thing (rei) whence they are called real contracts.Into first contracts of mutual interest which are such as are entered into for the reciprocal interest and utility of each of the parties, as sales exchange, partnership and the like.Contracts of beneficence which are those by which only one of the contracting parties is benefited, as loans, deposit and mandate.Mixed contracts, which are those by which one of the parties confers a benefit on the other, receiving something of inferior value in return, such as a donation subject to a charge,Into principal and accessory.Into those which are subjected by the civil law to certain rules and forms, and those which ate regulated by mere natural justice.   This entry contains material from Bouvier's legal Dictionary, a work published in the 1850's.

An agreement between parties, where each party has obligations.  In order to be valid, a contract requires an offer, an acceptance of that offer and, in common-law jurisdictions, consideration.

A legally binding agreement between two or more persons/organizations to carry out reciprocal obligations or value.

A contract is a legally binding exchange of promises or agreement between parties that the law will enforce. Contract law is based on the Latin phrase pacta sunt servanda (pacts must be kept). Breach of contract is recognised by the law and remedies can be provided. almost everyone makes contracts every day. sometimes written contracts are required, e.g., when buying a house. however the vast majority of contracts can be and are made orally, like buying a law text book, or a coffee at a shop. contract law can be classified, as is habitual in civil law systems, as part of a general law of obligations (along with tort, unjust enrichment or restitution).

contraho, pactum, pactum

any repayment or water service contract between the united states and a district providing for the payment of construction charges to the federal government, including normal operation, maintenance, and replacement costs pursuant to federal reclamation law. all water service and repayment contracts are considered contracts even if the contract does not specifically identify that portion of the payment which is to be attributed to operation and maintenance and that which is to be attributed to construction.

An award instrument establishing a binding legal procurement relationship between NIAID and a recipient obligating the latter to furnish a product or service defined in detail by NIAID and binding the institute to pay for it.

PPI data are commonly used in escalating purchase and sales contracts. these contracts typically specify dollar amounts to be paid at some point in the future. It is often desirable to include an escalation clause that accounts for changes in input prices. for example, a long-term contract for bread may be escalated for changes in wheat prices by applying the percent change in the PPI for wheat to the contracted price for bread.

A legally binding agreement between two or more competent parties fixing the precise terms and details for a voluntary exchange of goods or services over which the contracting parties possess property rights. An agreement is a legally enforceable contract if and only if: the agreement must be "mutual" (all parties have the same understanding of the meaning of their agreement -- there is a "meeting of the minds"); the agreement must be "voluntary" (none of the parties is agreeing under the influence of violent threats or fraudulent misrepresentation of the facts); there must be actual "consideration" paid (that is, each party must be achieving a benefit by giving up something he controls to get something another party controls in exchange: a simple one-sided promise to give someone else a gratuitous benefit is not a contract); all parties to the agreement must be "competent" (children and the severely mentally impaired or insane are assumed by the courts to be incapable of forming a coherent intent or determining their own best interests, so the courts will not enforce the agreements they make); the substance of the agreement must not be "contrary to public policy" (for example, the u.s. courts will not enforce a contract that requires one or more of the parties to commit a crime, nor will they enforce a contract by which even a legally competent adult voluntarily sells himself into life-long slavery in exchange for, say, a ten million dollar payment to his children). [See also: property rights, private property rights]

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Word analysis of contract