exchange contracts

verb

To formally contract to purchase, sell or otherwise be party to a disposition of an estate in land; usually requiring the payment of a deposit by one of the parties.

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Meanings

verbexchange contracts (third-person singular simple present exchanges contracts, present participle exchanging contracts, simple past and past participle exchanged contracts)

present singular third person exchanges contracts · participle present exchanging contracts · participle past exchanged contracts · past exchanged contracts

  1. EnglandNorthern IrelandWalesidiomaticlawTo formally contract to purchase, sell or otherwise be party to a disposition of an estate in land; usually requiring the payment of a deposit by one of the parties.
  2. EnglandNorthern IrelandWaleschiefly by legal practitionerslawTo create a contract for the disposition of an estate in land between negotiating parties, by a process which is immediately followed by the exchange of executed counterparts of the contract between each party's legal representative.
Cite this entry
APA

exchange contracts. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/exchange%20contracts

MLA

“exchange contracts.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/exchange%20contracts. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “exchange contracts,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/exchange%20contracts.

Source: exchange contracts on Wiktionary, CC BY-SA 4.0.