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Function and Contract

noun

  • Mathematics) a mathematical relation such that each element of a given set (the domain of the function) is associated with an element of another set (the range of the function. ()
  • What something is used for.
    • usage: "the function of an auger is to bore holes"; "ballet is beautiful but what use is it"
  • The actions and activities assigned to or required or expected of a person or group.
    • usage: "the function of a teacher"; "the government must do its part"; "play its role"
  • A relation such that one thing is dependent on another.
    • usage: "height is a function of age"; "price is a function of supply and demand"
  • A formal or official social gathering or ceremony.
    • usage: "it was a black-tie function"
  • A vaguely specified social event.
    • usage: "the party was quite an affair"; "an occasion arranged to honor the president"; "a seemingly endless round of social functions"
  • A set sequence of steps, part of larger computer program.

verb

  • Perform as expected when applied.
    • usage: "The washing machine won't go unless it's plugged in"; "Does this old car still run well"; "This old radio doesn't work anymore"
  • Serve a purpose, role, or function.
    • usage: "The tree stump serves as a table"; "The female students served as a control group"; "This table would serve very well"; "His freedom served him well"; "The table functions as a desk"
  • Perform duties attached to a particular office or place or function.
    • usage: "His wife officiated as his private secretary"

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.