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exchange contracts. In DICTIOUS you will not only get to know all the dictionary meanings for the word
exchange contracts, but we will also tell you about its etymology, its characteristics and you will know how to say
exchange contracts in singular and plural. Everything you need to know about the word
exchange contracts you have here. The definition of the word
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English
Verb
exchange contracts (third-person singular simple present exchanges contracts, present participle exchanging contracts, simple past and past participle exchanged contracts)
- (law, England and Wales, Northern Ireland, idiomatic) To formally contract to purchase, sell or otherwise be party to a disposition of an estate in land; usually requiring the payment of a deposit by one of the parties.
- (law, England and Wales, Northern Ireland, chiefly by legal practitioners) To create a contract for the disposition of an estate in land between negotiating parties, by a process which is immediately followed by the exchange of executed counterparts of the contract between each party's legal representative.