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Commit and Contract

verb

  • Perform an act, usually with a negative connotation.
    • usage: "perpetrate a crime"; "pull a bank robbery"
  • Give entirely to a specific person, activity, or cause.
    • usage: "She committed herself to the work of God"; "give one's talents to a good cause"; "consecrate your life to the church"
  • Cause to be admitted; of persons to an institution.
    • usage: "After the second episode, she had to be committed"; "he was committed to prison"
  • Confer a trust upon.
    • usage: "The messenger was entrusted with the general's secret"; "I commit my soul to God"
  • Make an investment.
    • usage: "Put money into bonds"
  • Engage in or perform.
    • usage: "practice safe sex"; "commit a random act of kindness"
(DoD) The process of committing one or more air interceptors or surface-to-air missiles for interception against a target track.

noun

  • A binding agreement between two or more persons that is enforceable by law.
  • Contract bridge. ( the highest bid becomes the contract setting the number of tricks that the bidder must make)
  • A variety of bridge in which the bidder receives points toward game only for the number of tricks he bid.

verb

  • Enter into a contractual arrangement.
  • Engage by written agreement.
    • usage: "They signed two new pitchers for the next season"
  • Squeeze or press together.
    • usage: "she compressed her lips"; "the spasm contracted the muscle"
  • Be stricken by an illness, fall victim to an illness.
    • usage: "He got AIDS"; "She came down with pneumonia"; "She took a chill"
  • Become smaller or draw together.
    • usage: "The fabric shrank"; "The balloon shrank"
  • Make smaller.
    • usage: "The heat contracted the woollen garment"
  • Compress or concentrate.
    • usage: "Congress condensed the three-year plan into a six-month plan"
  • Make or become more narrow or restricted.
    • usage: "The selection was narrowed"; "The road narrowed"
  • Reduce in scope while retaining essential elements.
    • usage: "The manuscript must be shortened"

In real estate parlance, the' Contract' is the legal document by which buyer and seller make offers and counteroffers. The real estate contract describes the property, includes or excludes items in the property, names the price, apportions the closing costs between the parties and sets forth a closing date. When buyer and seller agree on terms and sign the same document, the property is said to be "under contract." More formally known as agreement for sale, purchase agreement or earnest money contract.