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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
ENPNewswire-August 7, 2019--DOF ASA - Long term contract for PSV Skandi Feistein with Esso Australia
Agility had been awarded a pilot contract by the Federal Board of Revenue in 2003 for customisation of software for purposes of paperless clearance of imports and exports and sued Pakistan before ICSID when it did not succeed in procuring a long term contract from the Federal Board of Revenue.
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.
Robson, though, will NOT sign a long term contract with Celtic.
State oil and gas company Pertamina said it has reached an agreement with a number of buyers in Japan, South Korea and Taiwan to cut exports this year of liquefied natural gas (LNG) under long term contract because of dwindling supply of natural gas to feed its LNG plants.
Indonesia indicates that it was ready to give South Korea a cheaper price for liquefied natural gas (LNG under a new long term contract. Head of the oil and gas upstream regulatory agency (BP Migas) Rachmat Sudibyo said it may accept a request of Korea Gas Corp (Kogas) for a 40% price discount provided that the Korean buyer agrees to sign a new 20 year contract after the termination of the present contract in 2007.

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