Definition of “contract out” - English Dictionary


“contract out” in Business English

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contract out

phrasal verb with contract uk /kənˈtrækt/ us 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)