单词 | price agreement |
释义 | price agreementDefinition An agreement between a supplier and business customer regarding the pricing of a specific commodity. Unlike a quote that may expire or be changed at any time, an agreement is usually good for a specified period of time. It may be a fixed price, or the price may be tied to a market index. For example, the cost of fuel may be calculated as the daily average cost at the nearest distribution hub plus a specific margin. |
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