exchange contracts (English, verb)
expansion: exchange contracts (third-person singular simple present exchanges contracts, present participle exchanging contracts, simple past and past participle exchanged contracts)
Senses:
topics: law
glosses: 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.
tags: England
Northern-Ireland
Wales
idiomatic
topics: law
qualifier: chiefly by legal practitioners
glosses: To 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.
tags: England
Northern-Ireland
Wales
Forms:
form: exchanges contracts
tags: present
singular
third-person
form: exchanging contracts
tags: participle
present
form: exchanged contracts
tags: participle
past
form: exchanged contracts
tags: past