- Take or pay is a provision in a contract stating that a buyer has the obligation of either taking delivery of goods from a seller or paying a specified penalty amount to the seller for not taking them. Take-or-pay provisions benefit both parties by sharing risk, and they benefit society by facilitating trade and reducing transactions costs.www.investopedia.com/terms/t/takeorpay.asp
Take or pay is a provision in a contract stating that a buyer has the obligation of either taking delivery of goods from a seller or paying a specified penalty amount to the seller for not taking them. Take-or-pay provisions benefit both parties by sharing risk, and they benefit society by facilitating … See more
A take-or-pay provision is generally included between a company and its supplier. It requires the purchasing firm to take a stipulated amount of goods from the … See more
Firm A contracts to purchase 200 million cubic feet of natural gas from Firm B over 10 years at an agreed amount of 20 million per year. Firm A finds, however, that … See more
Take or pay allows buyers and sellers to share risk in a transaction. If the buyer does not buy the goods—or does not buy all the goods the contract stipulated—the … See more
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WEB1. a. : the act or process of providing. b. : the fact or state of being prepared beforehand. c. : a measure taken beforehand to deal with a need or contingency : preparation. made …
WEBa statement within an agreement or a law that a particular thing must happen or be done, especially before another can happen or be done: We have inserted certain provisions …
WEB4 days ago · 1. uncountable noun. The provision of something is the act of giving it or making it available to people who need or want it. The department is responsible for the provision of residential care services. …
WEBA provision stands for liability of uncertain time and amount. Provisions include warranties, income tax liabilities, future litigation fees, etc. They appear on a company’s …
WEBOctober 03, 2023. What is a Provision? A provision is the amount of an expense that an entity elects to recognize now, before it has precise information about the exact …
WEB[uncountable, countable] provision for somebody/something preparations that you make for something that might or will happen in the future. He had already made provisions for …
WEBHigh quality example sentences with “take provisions” in context from reliable sources - Ludwig is the linguistic search engine that helps you to write better in English.
WEBnoun. a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. Synonyms: condition. the providing or supplying of something, especially of …
WEBHigh quality example sentences with “take the provision” in context from reliable sources - Ludwig is the linguistic search engine that helps you to write better in English
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