verb
- past tense of definitize; to make definite, final, or binding; to establish or confirm the final terms of (a contract, agreement, or plan)
Usage: chiefly used in business, legal, and project management contexts; often used in government contracting and procurement
Examples
- The contract was definitized after both parties agreed on the final terms.
- Once the project scope was definitized, the team could begin work with confidence.
- The government definitized the procurement order to lock in pricing and delivery dates.
- We definitized the budget before moving forward with the initiative.
- The agreement was definitized in writing and signed by all stakeholders.