Home >                  	Term: long-term purchase  
long-term purchase
A purchase contract under which at least one delivery of material is scheduled to occur during the second calendar year after the contract-signing year. Deliveries also can occur during the contract-signing year, during the first calendar year there after, or during any subsequent calendar year.
- Part of Speech: noun
 - Industry/Domain: Energy
 - Category: Coal; Natural gas; Petrol
 - Company: EIA
 
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