Definitions for "Contract Out"
If someone contracts out of the state earning related pension scheme (SERPS), they pay less national insurance. Instead they pay into a private pension scheme which has to meet certain conditions.
assign a job to someone outside one's own business
refuse to pay a levy to a union for political use
Refers to the moment in time when a buyer and seller have agreed to a price on a property and the parties' attorneys have drafted a contract of sale and have sent it to the purchaser for signature.