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Exchange Contracts

What Does "Exchange Contracts" Mean?

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"Exchange contracts" is an English idiom. It means "to make a binding legal commitment in property dealings."

Examples in Sentences

Here are three examples of the idiom "exchange contracts" used in a sentence:
  • Once we exchange contracts, the deal will be final.
  • They are due to exchange contracts by the end of the week.
  • After they exchanged contracts, they began to plan the move.
meaning for exchange contracts

What Is an Idiom?

An idiom is a commonly used expression whose meaning does not relate to the literal meaning of its words. In other words, if you were to translate "Exchange Contracts" word for word, there is no guarantee the translation would help you to understand the meaning.

An idiom often includes a cultural or historical context that makes it difficult for non-native English speakers to understand. A phrase is classified as an idiom when a direct translation of the words does not reveal the meaning. Most idioms rely on shared knowledge or experiences known only to a specific community.

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