Home > Term: Long-term purchase
Long-term purchase
A purchase contract under which at least one delivery of material is scheduled to occur during the second calendar year after the contract-signing year. Deliveries also can occur during the contract-signing year, during the first calendar year there after, or during any subsequent calendar year.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Coal; Natural gas; Petrol
- Company: EIA
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- Harry8L
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(London, United Kingdom)