Deferred price contract definition

Deferred price contract means a contract for the pro- curement of grain under which a grain dealer takes custody or con- trol of producer grain more than 7 days before the price of that grain must be determined under the contract.
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Deferred price contract means a contract for the sale of commodities that conveys the title and all rights of ownership to the commodities represented by the contract to the buyer, but allows the seller to set the price of the com- modities at a later date based on an agreed upon relationship to a future month's price or some other mutually agreeable method of price determination. Deferred price contracts include but are not limited to those contracts commonly referred to as delayed price, price later contracts, or open price contracts.
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Deferred price contract means a contract for the sale of grain from a producer to a grain dealer under which the grain dealer takes custody of the grain before the grain dealer and the producer agree on the price that the grain dealer will pay for the grain.
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Examples of Deferred price contract in a sentence

  • Deferred price contract —(1) Any forwar d contract where price is left to be determined later.


More Definitions of Deferred price contract

Deferred price contract means a contract for the pro- curement of grain under which a grain dealer takes custody or con-
Sample 1Sample 2
Deferred price contract means a contract for the sale of grain from a
Sample 1
Deferred price contract. (DPC) means that the farmer agrees to deliver the tonnage to the depot as agreed in the contract. The purpose of a DPC is to enable the farmer to manage his exchange rate properly and not for speculation purposes.
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Related to Deferred price contract

  • Fixed price contract means a contract that provides a price, for each

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • Installment lease contract means a lease contract that authorizes or requires the delivery of goods in separate lots to be separately accepted, even though the lease contract contains a clause "each delivery is a separate lease" or its equivalent.

  • Installment buyer or "buyer" means a person that buys, hires, or leases a motor vehicle for personal, family, or household use, and not for commercial, business, or agricultural use, under an installment sale contract or a legal successor in interest to that person.

  • Fixed Price means the fixed prices for ancillary Services as may be agreed by the Parties and set out in the SOW; FOIA means the Freedom of Information Xxx 0000 and any subordinate legislation made under that Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner or relevant government department in relation to such legislation;

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Date of Contract means the date on which notification of award of contract/letter of award/telex award has been issued.

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Settlement Price Date means the Valuation Date. "Valuation Date" means the Redemption Valuation Date.

  • Purchase Price Allocation Schedule has the meaning set forth in Section 5.11(f)(ii).

  • Individual Settlement Payment means the amount payable from the Net

  • Benchmarked Price means the higher of:

  • Early Payment Date (k means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.