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contract

contract

20 7.4
A program on a blockchain that runs automatically when conditions are met
  • noun
  • /ˈkɒntrækt/
  • Specialized
translation icon : contrato inteligente
  • Mr. Irving, we have a contract with you, which means that our company owns the property.
  • create a new contract
  • implement a contract
  • contract object

Ethereum and many of the other smart contract platforms are balance ledgers.

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Examples

  • "So do you have our contract ready to sign?" I ask Jerrison.

    Fiction book (2001)
  • The whole promise of Ethereum was that smart contracts would never change.

  • What is a smart contract for real estate asset purchase?

  • So let's start with with our simple contract, the forward contract.

  • So if you can make smart contracts, this whole concept of code is law.

  • Therefore, the study predicted and found a stronger relationship between contract selection and skill with the expert system.

    Academic text (2003)
  • This occurs on chain and uses smart contracts instead of relying on a central issuer.

  • You said you'd be willing to take this job on a contract basis, so here's what we're looking for.

    Fiction book (2001)
  • In blockchain technology, a contract automatically executes the terms of a transaction without intermediaries.

  • The developers created a contract that enforces the rules of the game on the blockchain.

Compounds

14 6.7

An agreement among people to give up some freedoms for safety and order

12 3.6

Failure to do what a contract requires, for example not delivering goods or not paying

5 2.7

A written agreement between an employer and an employee that says the job rules and pay

5 2.8

An agreement between workers and their employer that says pay, benefits and work rules

marriage contract
  • Specialized
5 3.6

A written agreement two people sign before they marry about money and property

contract killing
  • Offensive
4 7.9

Murder carried out by a hired person for money

4 4.0

A written agreement to fix or care for a product for a set time

3 3.2

A formal offer from an employer to hire someone with specific pay and terms

contract law
  • Specialized
3 4.1

Law that deals with agreements and the duties people or businesses have to each other

futures contract
  • Specialized
3 6.2

An agreement to trade things such as oil or shares at a fixed price on a future date

oral contract
  • Specialized
2 4.2

An agreement spoken rather than written that is legally binding

2 3.7

A fixed time when a contract stays valid

cost-plus contract
  • Specialized
1 6.7

A contract that pays a contractor for all costs plus an agreed fee or percentage

1 3.3

A legal agreement between a buyer and a seller that explains the terms of a sale

bilateral contract
  • Specialized
6.3

An agreement between two people or groups where each promises something to the other

An agreement that only starts to have effect if a certain event happens

A card game for four people in two teams where players bid and win tricks

contract of adhesion
  • Specialized
8.9

A standard contract that gives one party little power to change the terms and favors the stronger party

9.9

Sale of a piece of land as one lot without a promised size

9.9

A formal written agreement signed with a special stamp that has stronger force in law

8.9

An agreement with terms set by one side that the other cannot change

9.9

An agreement where one or both sides must act only if an uncertain event happens

7.8

An agreement that depends on the result of a bet and cannot be enforced by a court

8.8

A court order that makes someone pay when they unfairly benefit without an agreement

requirements contract
  • Specialized
7.7

An agreement that a buyer must buy all of a product from one supplier

output contract
  • Specialized
6.4

An agreement in which a seller must sell all its products to one buyer who has to buy them

8.8

An agreement with separate parts so one broken part does not cancel the rest

A formal agreement signed and sealed by the people involved, often with a wax seal

7.7

A contract where one person promises and the other accepts by doing something

9.9

An agreement where a worker promises not to join a union

Surface Forms

contract singular
contracts plural

Etymology

The noun contract in computing is a modern use of the idea 'agreement', like turning a written deal into automatic rules. So a smart contract is a piece of code that acts like an agreement and enforces the rules by itself.