Contract Race

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: Contract Race

Definition: Contract Race

Contract Race
Cite Term
Sources

Full Definition of Contract Race

A situation which is peculiar to England & Wales, in which a seller has received and accepted two or more offers on the property and will sell to whoever is ready to exchange contracts first.

Such situations were common in the feverish housing market of the mid-1980s.

Changes being considered by both main political parties to the legislation governing house sales may put an end to the occurrence of contract races.

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
https://payrollheaven.com/define/contract-race/
Modern Language Association (MLA):
Contract Race. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 22, 2024 https://payrollheaven.com/define/contract-race/.
Chicago Manual of Style (CMS):
Contract Race. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/contract-race/ (accessed: May 22, 2024).
American Psychological Association (APA):
Contract Race. PayrollHeaven.com. Retrieved May 22, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/contract-race/

Definition Sources

Definitions for Contract Race 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.