Define That Term #176
December 29, 2006
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.
Comments
You can follow this conversation by subscribing to the comment feed for this post.