A formal writing style is not necessarily âbetterâ than an informal style, rather each style serves a different purpose and care should be taken in choosing which style to use in each case.
insured contract. A term used to specify the limit of contractual liability coverage. This term can refer to lease agreements, easement agreements, and any other agreement that relates to the insured's business.
Definition of contract. 1 : to make a contract The builder contracted with them to build a deck. 2 : to draw together so as to become diminished in size Metal contracts on cooling.; also : to become less in compass, duration, or length Muscle contracts in tetanus.