n-trakt]
| 1. | an agreement between two or more parties for the doing or not doing of something specified. |
| 2. | an agreement enforceable by law. |
| 3. | the written form of such an agreement. |
| 4. | the division of law dealing with contracts. |
| 5. | Also called contract bridge. a variety of bridge in which the side that wins the bid can earn toward game only that number of tricks named in the contract, additional points being credited above the line. Compare auction bridge. |
| 6. | (in auction or contract bridge)
|
| 7. | the formal agreement of marriage; betrothal. |
| 8. | Slang. an arrangement for a hired assassin to kill a specific person. |
| 9. | under contract; governed or arranged by special contract: a contract carrier. |
| 10. | to draw together or into smaller compass; draw the parts of together: to contract a muscle. |
| 11. | to wrinkle: to contract the brows. |
| 12. | to shorten (a word, phrase, etc.) by combining or omitting some of its elements: Contracting “do not” yields “don't.” |
| 13. | to get or acquire, as by exposure to something contagious: to contract a disease. |
| 14. | to incur, as a liability or obligation: to contract a debt. |
| 15. | to settle or establish by agreement: to contract an alliance. |
| 16. | to assign (a job, work, project, etc.) by contract: The publisher contracted the artwork. |
| 17. | to enter into an agreement with: to contract a free-lancer to do the work. |
| 18. | to enter into (friendship, acquaintance, etc.). |
| 19. | to betroth. |
| 20. | to become drawn together or reduced in compass; become smaller; shrink: The pupils of his eyes contracted in the light. |
| 21. | to enter into an agreement: to contract for snow removal. |
| 22. | contract out, to hire an outside contractor to produce or do. |
| 23. | put out a contract on, Slang. to hire or attempt to hire an assassin to kill (someone): The mob put out a contract on the informer. |

A legally binding agreement between two or more parties.
contract
In futures trading, an agreement between two parties to make and take delivery of a specified commodity on a given date at a predetermined location.
In options trading, an agreement by the writer either to buy (if a put) or to sell (if a call) a given asset at a predetermined price until a certain date. The holder of the option is under no obligation to act.
contract con·tract (kən-trākt', kŏn'trākt')
v. con·tract·ed, con·tract·ing, con·tracts
To reduce in size by drawing together.
To become reduced in size by or as if by being drawn together, as the pupil of the eye.
To acquire or incur by contagion or infection.