Cap 1.

Submitted by webmaster on Thu, 2018-07-26 11:40
Cap 1.

A clause in a supply contract under which the buyer is assured that he will not have to pay more than a given maximum price. This type of contract is analogous to a call option.  2. In a Supply Contract where the buyer has flexibility in the volume it can request, the maximum to which it is entitled either over a period (e.g. a year) or over the life of the contract.

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