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Take or pay contract |
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Take or pay contractAn agreement that obligates the purchaser to take any product that is offered (and pay the cash purchase price) or pay a specified amount if the product is not taken.Take or pay contract Similar MatchesContractual lienContractual lienA voluntary obligation such as a mortgage or trust deed. Unilateral ContractUnilateral ContractA contract under which one party expressly makes a promise, the other party, although making no reciprocal promise, may be obligated by law or may have already given consideration. Cost plus contractCost plus contractA contract in which the selling price is based on the total cost of production plus a fixed percentage or fixed amount. Options contractOptions contractA contract that, in exchange for the option price, gives the option buyer the right, but not the obligation, to buy (or sell) a financial asset at the exercise price from (or to) the option seller within a specified time period, or on a specified date (expiration date). Commodity futures contractCommodity futures contractAn agreement to buy a specific amount of a commodity at a specified price on a particular date in the future, allowing a producer to guarantee the price of a product or raw material used in production. Further SuggestionsContract curveNexus (of contracts) Open contracts Forward forward contract Contract Contractual liability contracting out Oral contract contract size Cash settlement contracts Periodic purchase deferred contract Interest rate futures contract Land contract Contract month retirement annuity contract (RAC) Underlying futures contract Set of contracts perspective Foreign currency futures contract Conditional sales contracts Contract Contracting party Futures contract multiple Contracted out money purchase scheme futures contract Contractual plan |
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