IPA: /ˈkɒntrækt/
KK: /ˈkɒntrækt/
intransitive verb
Definition: To make an agreement or to enter into a formal arrangement with someone.
Example: The company decided to contract with a new supplier for their materials.
noun
Definition: A formal agreement between two or more parties that is legally binding and enforceable, often written down.
Example: They signed a contract to finalize the sale of the house.
transitive verb
Definition: To make a formal agreement or to become smaller or tighter.
Example: The company decided to contract with a new supplier for their materials.