| English Dictionary |
BILATERAL CONTRACT
| IPA (US): |  |
Dictionary entry overview: What does bilateral contract mean?
• BILATERAL CONTRACT (noun)
The noun BILATERAL CONTRACT has 1 sense:
1. a contract involving mutual promises (each party is both promisor and promisee)
Familiarity information: BILATERAL CONTRACT used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
A contract involving mutual promises (each party is both promisor and promisee)
Classified under:
Nouns denoting communicative processes and contents
Hypernyms ("bilateral contract" is a kind of...):
contract (a binding agreement between two or more persons that is enforceable by law)
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"Each person is his own judge." (Native American proverb, Shawnee)
"Eat less food to find more sleep." (Arabic proverb)
"Honesty is the best policy." (Czech proverb)