Take-or-Pay Contract

Filed Under: t by
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

Recommended for you:

  1. Tactical Asset Allocation
  2. Tail
  3. Take
  4. Tailgating
Home / Glossary / t / Take-or-Pay Contract