ALEATORY CONTRACT
Dictionary entry overview: What does aleatory contract mean? • ALEATORY CONTRACT (noun)
The noun ALEATORY CONTRACT has 1 sense:
1. a contract whose performance by one party depends on the occurrence of an uncertain contingent event (but if it is contingent on the outcome of a wager it is not enforceable)
Familiarity information: ALEATORY CONTRACT used as a noun is very rare.
Dictionary entry details
• ALEATORY CONTRACT (noun)
Meaning:
A contract whose performance by one party depends on the occurrence of an uncertain contingent event (but if it is contingent on the outcome of a wager it is not enforceable)
Classified under:
Nouns denoting communicative processes and contents
Hypernyms ("aleatory contract" is a kind of...):
contract (a binding agreement between two or more persons that is enforceable by law)
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