take-or-pay

adjective

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

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Meanings

adjectivetake-or-pay (not comparable)

alternative take or pay

  1. not comparablebusinessOf a contractual obligation either to take delivery of contracted goods or services or to make a specified payment.
Cite this entry
APA

take-or-pay. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/take-or-pay

MLA

“take-or-pay.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/take-or-pay. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “take-or-pay,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/take-or-pay.

Source: take-or-pay on Wiktionary, CC BY-SA 4.0.