Long-Term Contract

Also found in: Acronyms.

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 ?
gt;Liverpool goalkeeper Danny Ward will spend next season on loan at Huddersfield Town after signing a long-term contract on Merseyside
I have a long-term contract at the club and am fully committed to the club.
The number of items on DSCR's SSA long-term contracts has substantially increased over the last few years.
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.
But Skovdahl has begun to turn the club's fortunes around and has secured a number of their top youngsters on long-term contracts.
Changing the process causes problems and could result in financial penalties," said Kneip, referring to Stahl's long-term contract with the automotive company, which details that all manufacturing and material liabilities belong to the foundry.
The IRS, however, has attempted to use the clear reflection standard to attempt to override a tax accounting rule in a variety of other situations, including long-term contract.
Pursuant to the Memorandum, PGNiG i Qatargas, which have a long track record of cooperation, have changed the terms on which the Long-Term Contract will be performed in 2015.
M2 EQUITYBITES-January 10, 2013-Aegerion signs long-term contract with Aptuit(C)2013 M2 COMMUNICATIONS http://www.
M2 PHARMA-January 10, 2013-Aegerion signs long-term contract with Aptuit(C)2013 M2 COMMUNICATIONS
Alcacer is reported to have a buy-out clause of pounds 8million in his contract, but Valencia president Manuel Llorente is determined to keep him at the club and hopes they can agree a long-term contract.

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