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take-or-pay English

Meaning take-or-pay meaning

What does take-or-pay mean?

take-or-pay adjective

— (business) Of a contractual obligation either to take delivery of contracted goods or services or to make a specified payment.

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take | or | pay

take-offgear | take-out box | take-off rate | take-over | take-over bid | take-off | take-off angle | take-out | take-off in economic development | take-in | take-and-bake | take-up reel

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