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 Glossary   >   T   >   "Take-or-pay contract" Definition   

        Take-or-pay contract

A contract that obligates the purchaser to take any product that is offered (and pay the cash purchase price) or pay a specified amount if he/she refuses to take the product.

Take-or-pay contract


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Take-or-pay contract - A contract that obligates the purchaser to take any product that is offered (and pay the cash purchase price) or pay a specified amount if he/she refuses to take the product.


Take-or-pay contract : a contract that obligates the purchaser to take any product that is offered (and pay the cash purchase price) or pay a specified amount if he/she refuses to take the product.