contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
impairment of obligation of contract — Within the meaning of the constitutional provision, known as the contract clause appearing in Article 1, Section 10, of the United States Constitution: the effect of a statute enacted subsequently to the making of a contract which annuls it or… … Ballentine's law dictionary
obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… … Black's law dictionary
contract — contractee, n. contractible, adj. contractibility, contractibleness, n. contractibly, adv. n., adj., and usu. for v. 16 18, 22, 23 /kon trakt/; otherwise v. /keuhn trakt /, n. 1. an agreement between two or more parties for the doing or not doing … Universalium
contract — Noun: A term which is simple in its superficial aspect but actually difficult of succinct definition, since nothing less than the whole body of applicable precedent will suffice for the purpose of definition. Williston, Contracts 3rd ed § 1;… … Ballentine's law dictionary
contract — con•tract n., adj., and usu. for v. 16–18, 22, 23 [[t]ˈkɒn trækt[/t]] otherwise v. [[t]kənˈtrækt[/t]] n. 1) an agreement between two or more parties for the doing or not doing of something specified 2) law an agreement enforceable by law 3) law… … From formal English to slang
contract — noun /ˈkɒntrækt / (say kontrakt) 1. an agreement between two or more parties for the doing or not doing of some definite thing. 2. an agreement enforceable by law. 3. the writing containing such an agreement. 4. (plural) → contract law. 5. the… …
Contract Holder — An individual or organization who owns the rights to a debt or other obligation. A contract holder is owed the benefits outlined in the contacts at a future date under the provisions of the contract. If the provisions or terms of the contract… … Investment dictionary
contract clause — Provision in U.S.Const., Art. I, Sec. 10, to the effect that no state shall pass a law impairing obligation of contract. Trustees of Dartmouth College v. Woodward, 17 U.S. (4 Wheat.) 518, 4 L.Ed. 629 … Black's law dictionary
contract clause — Provision in U.S.Const., Art. I, Sec. 10, to the effect that no state shall pass a law impairing obligation of contract. Trustees of Dartmouth College v. Woodward, 17 U.S. (4 Wheat.) 518, 4 L.Ed. 629 … Black's law dictionary
