Take-or-Pay Contract

Take-or-Pay Contract
It’s an agreement between the buyer and seller, which binds the buyer to accept any product offered to him or pay a certain penalty sum, if he chooses not to accept the product.

Random Finance Terms for the Letter T

Related posts:

  1. Tail
  2. T-Distribution
  3. Tactical Asset Allocation
  4. T-Period Holding-Period Return
  5. Take

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