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Oral contract

The financial definition for Oral contract:

A contract not recorded on paper or on computer, buy made vocally which is usually enforceable.




Similar Matches

Bank Investment Contract (BIC)

Bank Investment Contract (BIC)
Interest guaranteed by the bank in a Interest over a specific time frame with a specific Interest.


Bullet contract

Bullet contract
A guaranteed investment contract purchased with a single (one-shot) premium. Related: Window contract.


Cash settlement contracts

Cash settlement contracts
Futures contracts such as stock index futures that settle for cash and do not involve delivery of the underlying.


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Oral contract
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