Take or Pay Definition.

A take or pay contract is an agreement between two parties in which one party agrees to take delivery of, or pay for, a specified quantity of a commodity or service at regular intervals over a specified period of time, or to make periodic payments for the use of a specified facility. The other party … Read more

Expense forecast

Expense forecasting is a term used in the business planning and strategy sector. It refers mainly to the decisions that companies will make in the future about operations, production and income. To do this, it is necessary to anticipate market movements, customer interests and the adaptation of businesses to new demands. Intensive study is required … Read more