Contract Note

Business, Legal & Accounting Glossary

Definition: Contract Note

Full Definition of Contract Note

Your contract note is evidence that you’ve bought or sold shares. It remains an important document.

However, with the shortening of the stockmarket’s trading account under “rolling settlement” and given the increasing use of online share dealing, you will no longer receive physical share certificates.

Certainly, if your funds are being held by a stockbroker in a nominee account you won’t get the certificates. This means your contract note is the main evidence you physically have of the quantity of shares you bought or sold and of the price you bought or sold them at. It will also tell you what, if any, benefits are attached, such as dividends, scrip or rights issue.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Contract Note. Payroll & Accounting Heaven Ltd. September 22, 2021
Chicago Manual of Style (CMS):
Contract Note. Payroll & Accounting Heaven Ltd. (accessed: September 22, 2021).
American Psychological Association (APA):
Contract Note. Retrieved September 22, 2021, from website:

Definition Sources

Definitions for Contract Note are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 0 Views.