noun
Meaning 1
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.
Definition source: English Wiktionary via Wiktextract
Topics: business
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided