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English definition of “chain”

chain

noun (HOUSE SALE)    /tʃeɪn/ UK
[C] a situation in which someone selling their house cannot complete the sale because the person who wants to buy it needs to sell their house first: Some sellers refuse to exchange contracts with buyers who are in a chain.Mortgages and real estateRenting, hiring and hire purchase in general Renting property
(Definition of chain noun (HOUSE SALE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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