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 ?
We have also secured some strategic long term contracts that put us in a robust financial position moving forward.
Valencia, Spain, June 19, 2012 --(PR.com)-- SimplewebTV.com announces its new, affordable, Live Streaming CDN service targeted to small and medium size companies who can not afford the high costs, and long term contracts, normally associated with online live video broadcasts (Webcast).
European gas consumers could be risking their future security of supply by taking a minimum amount on their long term contracts now so they can buy cheap spot gas in the current glut, Algeria's energy minister said.
"Some of the partners in the long term contracts believe that the wind is on their side, that they can reduce their volumes and take advantage of the spot market and get better deals," he told reporters in London.
Negotiation, however, is still underway with prospective buyers which have signed long term contracts with the government.
They have an increasing number of options and are in a strong position to negotiate long term contracts at favorable rates."
Added Brown: "Long term contracts are not the fashion on the continent for two reasons.
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.

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