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 ?
Securing long-term contracts and growing our renewable portfolio within our core markets is a key focus of our business strategy.
Bulgaria's National Electric Company (NEK) will start renegotiating the provisions of the long-term contracts with thermal power plants AES Galabovo and Contur Global Maritsa Iztok-3 to achieve lower prices of the electricity produced by the two US-owned TPPs.
This study assesses how European Union competition law should be applied to long-term contracts in EU natural gas markets, looking at both natural gas capacity reservation and commodity contracts, and the role of security of supply on issues of long-term contracts in the EU natural gas trade, arguing that competition law should not prevent long-term contracting and that any foreclosing effects should be addressed through restrictions on the use of capacity reservation contracts.
They enhance customer support through an agreement to place the sole-source items provided by a vendor under long-term contracts with performance metrics.
The IRS issued final regulations on revaluations of capital accounts and contributions of long-term contracts and proposed regulations on gain deferral on a sale of QSB stock, debt of disregarded entities and special allocations of foreign tax expenditures.
The real rip-off - and the real potential savings as far as Californians are concerned - isn't in sales that were completed three years ago, but the long-term contracts that are slated to bilk ratepayers for decades to come.
Those with long-term contracts, with prices less subject to fluctuations or runups in the market, were much better off.
But Skovdahl has begun to turn the club's fortunes around and has secured a number of their top youngsters on long-term contracts.
Atchison assembles parts for the locomotive, transit and mining/construction markets and, in general, works with long-term contracts (3-5 years).
A prime rationale for the "notice of inquiry (NOI)" on long-term contracts is a concern that the pipeline industry may not be earning the money necessary for building adequate capacity to meet future demand.
The Biennial Resource Plan Update (BRPU) -- mandated contracts would lock Edison customers inflexibly into long-term contracts that are inconsistent with the Commission's direction to move to competitive markets.
In effect, the IRS wanted to invoke the clear reflection standard to prevent the deferral of income under long-term contracts.

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