one-dollar contract
one-dollar contract noun: a legally binding agreement in which one party agrees to provide goods, services, or property to another for the nominal price of exactly one dollar; it is primarily used to fulfill the legal requirement of consideration while allowing the actual transfer to function as a gift or nominal transaction.
Noun
one-dollar contract (plural one-dollar contracts)
- A legally binding agreement in which one party agrees to provide goods, services, or property to another for the nominal price of exactly one dollar; it is primarily used to fulfill the legal requirement of consideration while allowing the actual transfer to function as a gift or nominal transaction.
Forms of one-dollar contract
| plural | one-dollar contracts |
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Questions about one-dollar contract
- What does one-dollar contract mean?
- One-dollar contract means a legally binding agreement in which one party agrees to provide goods, services, or property to another for the nominal price of exactly one dollar; it is primarily used to fulfill the legal requirement of consideration while allowing the actual transfer to function as a gift or nominal transaction.
- What part of speech is one-dollar contract?
- One-dollar contract is a noun.
- What is the plural of one-dollar contract?
- The plural of one-dollar contract is one-dollar contracts.
Words near one-dollar contract in the dictionary
Source and license
Adapted from Wiktionary: one-dollar contract (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Cite this entry: “one-dollar contract.” Word.ws, https://word.ws/one-dollar_contract. Based on Wiktionary, CC BY-SA 4.0.
