Super Finance Glossary
Over 10,000 financial glossary terms...
Take-and-pay Contract
Take-and-pay Contract
Definition: 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.
Definition: 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.