Deferred payment contract definition
Deferred payment contract means a contract for the pro- curement of grain under which a grain dealer takes custody or con- trol of producer grain more than 7 days before paying for the grain in full. “Deferred payment contract” includes a deferred price contract.
Deferred payment contract means a vegetable procure- ment contract in which the vegetable producer or a producer agent agrees to accept payment after January 31 for processing vegeta- bles harvested during the previous calendar year.
More Definitions of Deferred payment contract
Deferred payment contract means a contract for the sale of grain from a producer to a grain dealer, under which the grain dealer takes custody of the grain more than 7 calendar days before paying the producer in full for the grain.
Deferred payment contract means a credit-sale contract for which the amount owed for the sale of grain has been established, but the payment is postponed until a later date.
Deferred payment contract means a contract for the procurement of producer milk under which all of the following apply to a milk contractor’s payment:
Deferred payment contract means a conditional grain sales transac- tion establishing an agreed upon price for the grain and delaying payment to an agreed upon later date or time period. Ownership of the grain, and the right to sell it, transfers from seller to buyer so long as the following con- ditions are met:
Deferred payment contract means a contract for the sale of grain