one-dollar contracts

A form of one-dollar contract — A legally binding agreement in which one party agrees to provide goods, services, or property to another for the nominal price of exactly one dollar; it is primarily used to fulfill the legal requirement of consideration while allowing the actual transfer to function as a gift or nominal transaction.

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Meanings

noun
  1. pluralplural of one-dollar contract
Cite this entry
APA

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

MLA

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

Chicago

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

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