Usually means: Formal agreement to buy property.
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We found 7 dictionaries that define the word exchanging contracts:

General (2 matching dictionaries)
  1. Exchanging contracts: Dictionary/thesaurus
  2. exchanging contracts: Wiktionary

Business (2 matching dictionaries)
  1. Exchanging contracts: Legal dictionary
  2. Exchanging contracts: Financial dictionary

Computing (1 matching dictionary)
  1. Exchanging contracts: Encyclopedia

Medicine (1 matching dictionary)
  1. Exchanging contracts: Medical dictionary

Miscellaneous (1 matching dictionary)
  1. Exchanging contracts: Idioms

Definitions from Wiktionary (exchanging contracts)

noun:  Alternative form of exchange of contracts. [(law, England and Wales, Northern Ireland) The act of exchanging contracts.]

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