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2 definitions found
 for Literal contract
From The Collaborative International Dictionary of English v.0.48 :

  Literal \Lit"er*al\ (l[i^]t"[~e]r*al), a. [F. lit['e]ral,
     litt['e]ral, L. litteralis, literalis, fr. littera, litera, a
     letter. See Letter.]
     1. According to the letter or verbal expression; real; not
        figurative or metaphorical; as, the literal meaning of a
        [1913 Webster]
              It hath but one simple literal sense whose light the
              owls can not abide.                   --Tyndale.
        [1913 Webster]
     2. Following the letter or exact words; not free.
        [1913 Webster]
              A middle course between the rigor of literal
              translations and the liberty of paraphrasts.
        [1913 Webster]
     3. Consisting of, or expressed by, letters.
        [1913 Webster]
              The literal notation of numbers was known to
              Europeans before the ciphers.         --Johnson.
        [1913 Webster]
     4. Giving a strict or literal construction; unimaginative;
        matter-of-fact; -- applied to persons.
        [1913 Webster]
     Literal contract (Law), a contract of which the whole
        evidence is given in writing. --Bouvier.
     Literal equation (Math.), an equation in which known
        quantities are expressed either wholly or in part by means
        of letters; -- distinguished from a numerical equation.
        [1913 Webster]

From Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  LITERAL CONTRACT, civil law. A contract, the whole of the evidence of which 
  is reduced to writing. This contract is perfected by the writing, and binds 
  the party who subscribed it, although he has received no consideration. Leg. 
  Elem. Sec. 887. 

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