A legally binding agreement that states that two sexual partners did INDEED have consensual sex. Both parties sign this contract and can be held liable if said contract is violated.
by bigtones July 27, 2004
Get the love contract mug.(FINANCE) a financial derivative that consists of a contract to buy a fixed amount of a thing at a fixed price at a fixed time in the future,. For example, a commodity future may specify 1000 British barrels (bbl) of West Texas Intermediate (WTI) crude oil for $85.75/bbl, for delivery at Cushing, OK, on 31 November 2010.
Futures are "written" by the person with the commodity to sell, and sold to either a financial speculator or else to someone who wants the product--in this case, an oil refinery. Sellers/owners do this because they want to be assured of a fixed price for the thing they're selling. The official reason for buying a future is to get a fixed price for something. This allows businesses to plan ahead.
However, since futures contracts are traded on secondary markets, it's possible to make (or lose) a lot of money trading them.
Futures are "written" by the person with the commodity to sell, and sold to either a financial speculator or else to someone who wants the product--in this case, an oil refinery. Sellers/owners do this because they want to be assured of a fixed price for the thing they're selling. The official reason for buying a future is to get a fixed price for something. This allows businesses to plan ahead.
However, since futures contracts are traded on secondary markets, it's possible to make (or lose) a lot of money trading them.
SOMEBODY: A futures contract can be extremely valuable for doing business. One of the best examples was Southwest Airlines, which weathered the oil crisis of 2007-2008 with futures for aviation fuel. When the market price of fuel doubled, Southwest was able pay a low, low contract price.
SOMEBODY ELSE: Doesn't it ever backfire?
SOMEBODY: Yes, the market price could fall through the floor and you'd be stuck paying THAT instead of the new, lower price. But at least you know what your cash flow will be.
SOMEBODY ELSE: Doesn't it ever backfire?
SOMEBODY: Yes, the market price could fall through the floor and you'd be stuck paying THAT instead of the new, lower price. But at least you know what your cash flow will be.
by Abu Yahya April 5, 2010
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by Coastiewife May 21, 2016
Get the bestie contract mug.1) The mob put out a contract on the police informer.
2) Barf shows his muscle by putting out contracts on relatives he hates to kiss. (From "The Simpseones", a parody of "The Simpsons" in Mad Classics magazine).
2) Barf shows his muscle by putting out contracts on relatives he hates to kiss. (From "The Simpseones", a parody of "The Simpsons" in Mad Classics magazine).
by Charlize October 6, 2007
Get the put out a contract on mug.A written contract that is supposed to make a transaction look above board and official, and to suggest that the buyer has a degree of comeback, but which the party offering the document can ignore at will. As they say, it's not worth the paper it's printed on.
Dickie O'Kelly presented his tenants with the landlord's contract in connection with the quality of their accommodation, and then disappeared to South Africa with their money.
by Fearman August 10, 2007
Get the landlord's contract mug.A tacit agreement to engage in sexual intercourse from time to time without any of the traditional obligations associated with a physically intimate relationship.
Overheard at a party: "Did you notice that Sally just left with Fred- those two have a fucking contract".
by noroma April 2, 2010
Get the fucking contract mug.by donutkiller September 20, 2020
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