one-dollar contract

Questions

What does one-dollar contract mean?

A legally binding agreement in which one party agrees to provide goods, services, or property to another for the nominal price of exactly one dollar; it is primarily used to fulfill the legal requirement of consideration while allowing the actual transfer to function as a gift or nominal transaction.

How to pronounce one-dollar contract

1. Open the pronunciation page — Open the Speakur entry for “one-dollar contract”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “one-dollar contract”.
4. Repeat and practice — Say “one-dollar contract” aloud, matching stress and vowels until it feels natural.