![](/template/termwiki/images/likesmall.jpg)
Home > Terms > English, UK (UE) > Firm purchase commitment
Firm purchase commitment
An agreement with an unrelated party, binding on both parties and usually legally enforceable, that (a) specifies all significant terms, including the price and timing of the transactions, and (b) includes a disincentive for non-performance that is sufficiently large to make performance highly probable.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Accountancy
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Natural environment Category: Water
Lake of Canet Saint Nazaire
The lake of Canet Saint Nazaire is a salty lake that has more than 200 species of both migrant and non-migrant birds, which make it to be unique and a ...
Contributor
Featured blossaries
Browers Terms By Category
- Ceramics(605)
- Fine art(254)
- Sculpture(239)
- Modern art(176)
- Oil painting(114)
- Beadwork(40)
Arts & crafts(1468) Terms
- Conferences(3667)
- Event planning(177)
- Exhibition(1)
Convention(3845) Terms
- Gardening(1753)
- Outdoor decorations(23)
- Patio & lawn(6)
- Gardening devices(6)
- BBQ(1)
- Gardening supplies(1)
Garden(1790) Terms
- Legal documentation(5)
- Technical publications(1)
- Marketing documentation(1)