take-or-pay contract
11contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …
12Contract farming — is agricultural production carried out according to an agreement between a buyer and farmers, which establishes conditions for the production and marketing of a farm product or products.[1] Typically, the farmer agrees to provide established… …
13Take — Take, v. t. [imp. {Took} (t[oo^]k); p. p. {Taken} (t[=a]k n); p. pr. & vb. n. {Taking}.] [Icel. taka; akin to Sw. taga, Dan. tage, Goth. t[=e]kan to touch; of uncertain origin.] 1. In an active sense; To lay hold of; to seize with the hands, or… …
14take — [n] profit booty*, catch, catching, cut, gate, haul*, holding, part, proceeds, receipts, return, returns, revenue, share, takings, yield; concept 344 Ant. debt, loss take [v1] get; help oneself to abduct, accept, acquire, arrest, attain, capture …
15Contract — law …
16Contract for difference — In finance, a contract for difference (or CFD) is a contract between two parties, typically described as buyer and seller , stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at… …
17contract — contractee, n. contractible, adj. contractibility, contractibleness, n. contractibly, adv. n., adj., and usu. for v. 16 18, 22, 23 /kon trakt/; otherwise v. /keuhn trakt /, n. 1. an agreement between two or more parties for the doing or not doing …
18contract — a legally binding agreement between two or more parties. Glossary of Business Terms A legally enforceable agreement between two or more parties for performing, or refraining from performing, some specified act; e.g., delivering 5,000 bushels of… …
19Contract — A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange. The New York Times Financial Glossary * * * ▪ I.… …
20contract — con|tract1 W1S2 [ˈkɔntrækt US ˈka:n ] n [Date: 1300 1400; : Old French; Origin: Latin contractus; CONTRACT2] 1.) an official agreement between two or more people, stating what each will do ▪ Read the contract carefully before you sign it.… …
