exchange of contracts

idiom

The point or stage at which a conveyancing contract comes into existence between negotiating parties for the carrying out of a disposition of an estate in land; usually requiring the payment of a deposit.

Anchors to

contracts
exchange

Related idioms2entries

01
exchange contracts
To formally contract to purchase, sell or otherwise be party to a disposition of an estate in land; usually requiring the payment of a deposit by one of the parties.
02
exchange flesh
To engage in sexual intercourse.