Hell-or-high-water contract

Definition:

A contract that obligates a purchaser of a project's output to make cash payments to the project in all events, even if no product is offered for sale.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Expected future return

The return that is expected to be earned on an asset in the future. Also called the expected return.

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