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what is...
CONTRACT
A contract is any legally-enforceable promise or set of promises made by one party to another and, as such, reflects the policies represented by freedom of contract. In the civil law, contracts are considered to be part of the general law of obligations.
ALSO SEE: SCHEDULED MORTGAGE PAYMENT, CONSTRUCTION FINANCING, ASSUMABLE MORTGAGE, AGREEMENT OF SALE, CONTRACT KNAVERY, LOAN AMOUNT, CONTINGENCY, BRIDGE LOAN, BALLOON

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