Business / Agriculture / Contract: Written or oral agreement spelling out the parties?€™ understanding of how a commodity is to be produced and/or marketed, including specifications for quantity, quality, and price. Marketing contracts are commonly used for crops, while production contracts are more prevalent in the livestock industry. Contracts contrast to cash markets. Cash markets continue to dominate the agriculture sector, accounting for almost 70% of farm commodity sales in 1997. However, contracting could likely continue to grow as a risk management tool for farmers and a coordination tool for processors. Futures contracts provide a way to manage price risk that typically do not involve actual delivery of commodities.
Search Google for Contract:
Contract Adjective Synonyms: agreement, understanding, deal, bargain, arrangement, pact, commitment, obligation, compact
Contract Noun Synonyms: engage, agree, promise, covenant, undertake
Contract Verb Synonyms: catch, acquire, get, come down with, develop, become infected with, go down with
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Business / Real Estate / Installment Contract: A contract for the sale of real estate whereby the purchase price is paid in periodic installments by the purchaser, who is in possession of the property even though title is retained by the seller un MORE
Business / Finance / Commodity Futures Contract: A commodity is food, metal, or another fixed physical substance that investors buy or sell, usually via futures contracts. MORE
Health / Health Insurance / Administrative Services Only (ASO) Contract: The contract between an employer and a third party administrator. MORE