contract out - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “contract out”

contract out

UK phrasal verb with contract
 
 
/kənˈtrækt/ verb
[I] to formally state that you do not want to be involved in an official plan or system: Under a personal pension plan or stakeholder pension scheme, the decision of whether to contract out rests with the individual.
(Definition of contract out from the Cambridge Business English Dictionary © Cambridge University Press)
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