Take-or-pay contract — A contract that obligates the purchaser to take any product that is offered to it (and pay the cash purchase price) or pay a specified amount if it refuses to take the product. The New York Times Financial Glossary … Financial and business terms
take-and-pay contract — An agreement that obligates the purchaser to take any product that is offered (and pay the cash purchase price) and pay a specified amount if the product is not taken. Bloomberg Financial Dictionary … Financial and business terms
take or pay — noun a) A take or pay contract; a take or pay provision in a contract. b) A contractual obligation either to take delivery of contracted goods or services or to make a specified payment … Wiktionary
Take or Pay — A provision, written into a contract, whereby one party has the obligation of either taking delivery of goods or paying a specified amount. This is used in some contracts as a method to ensure that the transaction occurs. For example, a Banana… … Investment dictionary
take or pay — USA The provision in a contract between a seller and a buyer or, in a project finance transaction between the project company and the offtaker, that creates an unconditional obligation on the part of the buyer or offtaker to pay for a product or… … Law dictionary
take-or-pay — USA The provision in a contract between a seller and a buyer or, in a project finance transaction between the project company and the offtaker, that creates an unconditional obligation on the part of the buyer or offtaker to pay for a product or… … Law dictionary
Контракт обязательной покупки или выплаты неустойки (TAKE-OR-PAY CONTRACT) — Соглашение между покупателем и продавцом, которое обязывает покупателя производить безусловные платежи на оговоренные суммы в обмен на продукцию или услуги. Покупатель обязан выплатить минимально требуемые оговоренные платежи, даже в случае… … Словарь терминов по управленческому учету
Pay to play — Not to be confused with Play or pay contract. Pay to play, sometimes pay for play, is a phrase used for a variety of situations in which money is exchanged for services or the privilege to engage (play) in certain activities. The common… … Wikipedia
contract — con|tract1 [ kan,trækt ] noun count *** 1. ) a written legal agreement between two people or businesses that says what each must do for the other or give to the other: After six months she was offered an employment contract. A team led by… … Usage of the words and phrases in modern English
CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… … Encyclopedia of Judaism
contract — 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… … Law dictionary
