take or pay

Noun

(business) A take-or-pay contract; a take-or-pay provision in a contract. / (business) A contractual obligation either to take delivery of contracted goods or services or to make a specified payment.

Japanese Meaning

テイク・オア・ペイ契約：契約において、契約された商品やサービスを実際に受け取るか、あるいは受け取らなくても規定された支払いを行う義務を負う契約を指す。

What is this buttons?

Our new supply agreement includes a take or pay provision to ensure steady revenue even if demand falls.

Google Translation / DeepL Translation

当社の新しい供給契約には、需要が落ちても安定した収益を確保するための最低購入保証条項が含まれています。

Details

Sense（1）

(business) A take-or-pay contract; a take-or-pay provision in a contract.

Sense（2）

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

take

（ canonical ）

pay

（ canonical ）

take or pays

（ plural ）

Details

take or pay

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