Define: Contract Note

Business, Legal & Accounting Glossary

Definition: Contract Note



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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.


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Contract Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 07, 2020 https://payrollheaven.com/define/contract-note/.
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Contract Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/contract-note/ (accessed: April 07, 2020).
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Contract Note. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/contract-note/

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