exchange of contracts Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “exchange of contracts” in the English Dictionary

"exchange of contracts" in Business English

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exchange of contractsnoun [C or U]

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PROPERTY a final agreement between the buyer and seller of a property, after which the sale cannot legally be stopped: Before exchange of contracts either the seller or the buyer can withdraw without having to make any payment.
(Definition of exchange of contracts from the Cambridge Business English Dictionary © Cambridge University Press)
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