Contract - Wikipedia-style Article
Contract
Definition
Contract is both a noun and a verb. As a noun, it refers to a formal agreement between two or more parties, often legally binding. As a verb, it means to enter into a formal agreement or to reduce in size, quantity, or range.
Parts of Speech
Pronunciation
American English
- Noun IPA Pronunciation: /ˈkɑn.trækt/
- Noun Respelling: KON-trakt
- Verb IPA Pronunciation: /kənˈtrækt/
- Verb Respelling: kuhn-TRAKT
British English
- Noun IPA Pronunciation: /ˈkɒn.trækt/
- Noun Respelling: KON-trakt
- Verb IPA Pronunciation: /kənˈtrækt/
- Verb Respelling: kuhn-TRAKT
Etymology
The word "contract" originates from the Latin "contractus," meaning "a drawn-together agreement," derived from "contrahere," which combines "con-" (together) and "trahere" (to draw). It entered Middle English with meanings related to formal agreements and compaction.
Derivatives
- Contractor (noun)
- Contractual (adjective)
- Contracted (adjective)
- Contractility (noun)
- Contraction (noun)
Synonyms
Antonyms
- Disagreement
- Expansion
- Enlargement
Usage
The term "contract" is frequently used in legal, business, and medical contexts, referring to formal agreements and processes of shrinking or tightening. For example, "The parties signed a contract," or "The muscle contracts in response to stimuli."
Related Terms
- Agreement: A mutual arrangement or understanding between parties.
- Obligation: A legal or moral requirement to perform an action as per an agreement.
- Compact: A formal agreement between parties, often with legal implications.
Detailed Definitions
Noun
- A formal agreement between two or more parties, often legally binding: Refers to a written or spoken arrangement with enforceable terms and conditions.
- Example: "They signed a contract to lease the property."
Verb
- To enter into a formal agreement: Describes the act of agreeing formally to terms, often in a legal or business context.
- Example: "The company contracted with a supplier for raw materials."
- To reduce in size, quantity, or scope: Refers to the process of shrinking or becoming smaller, often used in scientific or medical contexts.
- Example: "Cold temperatures can cause materials to contract."