Tagged. It's a first.
Crimes and Misdemeanors

Define That Term #176

Tuesday's term was output contract, which is defined as:

n. an agreement in which a producer agrees to sell its entire production to the buyer, who in turn agrees to purchase the entire output, whatever that is. Example: an almond grower has a "home" for his output, and the packer of nuts is happy to have a sure-fire supply, even though it may have to store away a glut.

No one guessed.

Today's term is:

constructive eviction.

As always, no dictionaries, please.


Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.