Deferred price contract definition

Deferred price 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 the price of that grain must be determined under the contract.
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Deferred price contract means a contract for the sale of commodities that conveys the title and all rights of ownership to the commodities represented by the contract to the buyer, but allows the seller to set the price of the com- modities at a later date based on an agreed upon relationship to a future month's price or some other mutually agreeable method of price determination. Deferred price contracts include but are not limited to those contracts commonly referred to as delayed price, price later contracts, or open price contracts.
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Deferred price 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 before the grain dealer and the producer agree on the price that the grain dealer will pay for the grain.
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More Definitions of Deferred price contract

Deferred price contract means a contract for the pro- curement of grain under which a grain dealer takes custody or con-
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Deferred price contract means a contract for the sale of grain from a
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Deferred price contract. (DPC) means that the farmer agrees to deliver the tonnage to the depot as agreed in the contract. The purpose of a DPC is to enable the farmer to manage his exchange rate properly and not for speculation purposes.
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Related to Deferred price contract

  • Fixed price contract means a contract that provides a price, for each

  • Fixed price contract with price adjustment means a fixed price contract that

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • Installment lease contract means a lease contract that authorizes or requires the delivery of goods in separate lots to be separately accepted, even though the lease contract contains a clause "each delivery is a separate lease" or its equivalent.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where: