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English definition of “contract to sell”

contract to sell

noun [C, usually singular]     (plural contracts to sell) COMMERCE
a formal agreement in which a person, company, etc. agrees to sell something to a buyer at a time in the future, and the buyer agrees to buy it: A conditional contract is similar to a normal contract to sell, except that the contract is subject to the fulfilment of certain conditions.
(Definition of contract to sell noun from the Cambridge Business English Dictionary © Cambridge University Press)
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