exchange of contracts
B2CEFR level
55/100Rarity: uncommon
TechnicalRegister
The point at which the parties become legally bound to the sale and neither can withdraw without penalty.
On exchange of contracts the buyer paid a ten per cent deposit and completion was fixed for the 28th.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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