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letterofcommitment

Letterofcommitment vs Contract - What's the difference?

letterofcommitment | contract |


As a noun contract is

an agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.

As an adjective contract is

(obsolete) contracted; affianced; betrothed.

As a verb contract is

(ambitransitive) to draw together or nearer; to shorten, narrow, or lessen.