oral contract - Investment & Finance Definition
An agreement to do business or a sales transaction that has been spoken but not put on paper. Oral contracts are legally enforceable; however, it is a better business practice to put contracts in writing.
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
Link to this page
Cite this page
MLA Style
"oral contract." YourDictionary, n.d. Web. 23 June 2018. <http://invest.yourdictionary.com/oral-contract>.
APA Style
oral contract. (n.d.). Retrieved June 23rd, 2018, from http://invest.yourdictionary.com/oral-contract
