Contract Race

Business, Legal & Accounting Glossary

Definition: Contract Race

Contract Race

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

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Page URL
Modern Language Association (MLA):
Contract Race. Payroll & Accounting Heaven Ltd.
May 28, 2023
Chicago Manual of Style (CMS):
Contract Race. Payroll & Accounting Heaven Ltd. (accessed: May 28, 2023).
American Psychological Association (APA):
Contract Race. Retrieved May 28, 2023
, from website:

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.