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Meaning of take or pay | Babel Free

Noun CEFR C1

Definitions

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

CEFR level

C1

Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

take out take over take part take pity take place take revenge