theory-a well-substantiated explanation of some aspect of the natural world; an organized system of accepted knowledge that applies in a variety of circumstances to explain a specific set of phenomena; theories can incorporate facts and laws and tested hypotheses; true in fact and theory.
wikiHow to Write Vendor Contracts. Some companies and organizations partner with vendors to provide a better product or service. Other businesses use vendors as contractors, providing something they need either on a one-time basis or an ongoing schedule. For example, many companies use vendors to supply technology, cleaning services, office equipment, or transportation. Anytime you use a vendor, you and the vendor should both sign a contract.
Freebase (0.00 / 0 votes) Rate this definition: Spot contract. In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for settlement on the spot date, which is normally two business days after the trade date. The settlement price is called spot price. A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date.