nudum pactum nu‧dum pac‧tum [ˌnjuːdʊm ˈpæktʊm ǁ ˌnuː-] noun [countable, uncountable]
a futures contract or options contract where the seller does not own the related shares etc; = NAKED CONTRACT; NUDE CONTRACT
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nudum pactum UK US noun [C] FORMAL
► LAW NAKED CONTRACT(Cf. ↑naked contract)
Financial and business terms. 2012.