under contract

English - Turkish

Definition of under contract in English Turkish dictionary

Related Terms

claim under a contract

anlaşmaya göre talep

English - English

Definition of under contract in English English dictionary

A property for which the seller has accepted the buyer's offer to purchase is referred to as being "under contract" Generally, the prospective buyer is given a certain period of time in which to perform its due diligence and finalize financing arrangements During the period of time the property is under contract, the seller is precluded from entertaining offers from other buyers

A property for which a purchase offer has been accepted by the seller is said to be "under contract " Generally, the prospective buyer is given a certain period of time in which to perform feasibility studies and finalize financing arrangements During the time, the seller cannot entertain offers from other buyers unless the purchase contract is allowed to expire without going to closing

Hyphenation

un·der con·tract

Turkish pronunciation

ʌndır kınträkt

Pronunciation

/ˈəndər kənˈtrakt/ /ˈʌndɜr kənˈtrækt/

Etymology

[ '&n-d&r ] (adverb.) before 12th century. Middle English, adverb & preposition, from Old English; akin to Old High German untar under, Latin inferus situated beneath, lower, infra below, Sanskrit adha.