Take or pay contract (See Chapter 27 of the Vernimmen) Take or pay contracts link the owner of the production facilities (typically for the extraction and/or transformation of energy products) and the future users whose need for the product is more or less urgent. The users agree to pay a certain amount that will cover both interest and principal payments, irrespective of whether the product is delivered and of any cases of force majeure. Take or pay contract (See Chapter 27 of the Vernimmen) Take or pay contracts link the owner of the production facilities (typically for the extraction and/or transformation of energy products) and the future users whose need for the product is more or less urgent. The users agree to pay a certain amount that will cover both interest and principal payments, irrespective of whether the product is delivered and of any cases of force majeure. See all terms in the dictionary of finance To know more about it, look at what we have already written on this subject :

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Definitions of terms begining with the same letter as "Take or pay contract" :

TMT TSR Take and pay contract Take or pay contract Takeover Takeover bid Tangible fixed asset Tapping the reserves Tax loss carrybacks Tax loss carryforwards Tax shield Technical analysis Technical dilution Temporal method Temporary differences Tender offer Term sheet Terminal value The bottom-up approach is also called the stock-picking approach.

Theory of markets in equilibrium Theta Time deposit Time diversification Time value Time value of money Timing differences Timing problem Tobin’s Q Toogle notes Top-down approach Total breakeven Total debt service Total return swap Total shareholder return, TSR Tracking stock Trade buyer Trade payables Trade receivables

Trade-off model Trading profit Trailing ratio Transaction multiples Transaction multiples method Transfer Transfer of assets Translation Translation risk Treasury Treasury method Treasury shares Treeing Trend analysis Trust preference shares Turnover – assets Turnover – liabilities