Financial Contract
/ˈfaɪnænʃəl ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement between parties outlining financial obligations and terms.
The parties entered into a financial contract to manage the loan repayment.
- (n.) A contract governing transactions related to financial securities or derivatives.
The financial contract specified the conditions for the futures trade.
Forms
- financial contract
- financial contracts
Related terms
See also
Commentary
Term covers a broad range of agreements; clarity in specifying the nature of financial obligations or instruments is crucial in drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.