Meaning of precontract

pre•con•tract

Pronunciation: (n.prē-kon'traktv.prē&seck&schwan-trakt', -kon'trakt), [key]
— n.
  1. a preexisting contract that legally prevents a person from making another contract of the same nature.
  2. (formerly) such an agreement constituting a legally binding betrothal.
—v.t.
  1. to bind by means of a precontract.
  2. to contract for or agree to do (something) by means of a precontract.
—v.i.
  1. to make a precontract.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.