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Meaning of exchange of contracts | Babel Free

Noun CEFR C1

Definitions

The act of exchanging contracts.
England, Northern-Ireland, Wales
The point or stage at which a conveyancing contract comes into existence between negotiating parties for the carrying out of a disposition of an estate in land; usually requiring the payment of a deposit.
England, Northern-Ireland, Wales, idiomatic

CEFR level

C1

Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

exchange of fire exchange paradox exchange rate exchange rate risk exchange student exchange value