Investment dictionary

TAKE OR PAY

Take or Pay: translation

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 farmer will enter into a take or pay contract with a fruit retailer so that the retailer will buy all the bananas from the farmer or pay a provision for not buying them.

  1. take or pay—букв.u бери или плати принцип согласно которому должна быть произведена полная оплата даже в случае отказа со стороны заказчика от поставокem Итальянская ENI немецкий E.O...Англо-русский универсальный дополнительный практический словарь И. Мостицкого