What Does "Exchange of Contracts" Mean?
"Exchange of contracts" is an English idiom. It means "the moment in property dealings where both parties commit legally."Examples in Sentences
Here are three examples of the idiom "exchange of contracts" used in a sentence:- The exchange of contracts will take place next week.
- After the exchange of contracts, there's no turning back.
- The estate agent will assist with the exchange of 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 of 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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