Contract: Canada Debt .ca defines Contract

Bankruptcy Term Contract

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Canada Debt has the definition to the bankruptcy and debt term Contract. Finding answers to terms such as Contract can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Contract in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Contract' is used as follows:

An oral or written agreement between two or more parties which is enforceable by law. In order to be valid, a contract requires an offer, an acceptance of that offer and, in common-law jurisdictions, consideration.