Definitions for "Contract of Purchase"
Know by several names such as sale agreement, purchase agreement and purchase contratct. This contract is between the lender and the buyer which specifies the terms of the loan and responsiblities for both parties.
A document that lists the price, conditions and terms under which the buyer is willing to purchase the property. (Each of these means the same thing: offer to purchase, or purchase offer, or earnest money agreement, or contract of purchase, or deposit receipt.)
Agreement to purchase and sell