Long-Term Contract

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Long-Term Contract

1. A contract to perform work over a significant period of time. For example, a construction company may have a contract to build a skyscraper, which may take several years.

2. A futures contract or similar instrument that does not expire for several months or longer.

3. See: Long-term lease.
References in periodicals archive ?
State oil and gas company PT Pertamina is studying possible imports of 200,000 barrels of crude oil per day under long term contract with Saudi Aramco.
NASDAQ: FAVS), announced today that it has been awarded a long term contract to provide third party logistics services to Superior Air Parts, Inc.
The long term contract, V797P-4405(a) (Delivery Order# 797-W6-0203), has been awarded to MSSI by the Veterans Affairs Special Services Contracting Office in Fort Detrick, Maryland.
We are pleased to have been awarded this long term contract from SMEP," said Abdullah.
With this long term contract, ENDESA consolidates its supply
NYSE:PX) announced today that ASiMI has awarded Praxair a new long term contract for high purity onsite gases and services for its Moses Lake, Washington electronics materials manufacturing facility.
This is a victory for Connecticut's citizens, who will now be able to take advantage of cleaner and more inexpensive power sources, while avoiding bearing the risks that come with long term contracts.
Negotiation, however, is still underway with prospective buyers which have signed long term contracts with the government.
Management is also pleased to announce an increase in the number of short and long term contracts that the Company is qualified for, and has been invited to bid on.
Tri-S Security Corporation provides contract guard services to Federal government agencies pursuant to long term contracts.
Management has committed to matching expected capital commitments with appropriate long term contracts and other risk management tools to limit Sempra's exposure to price, volume and counterparty credit risks.

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