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

Fail

A deal is said to fail if on the settlement date either the seller does not deliver securities in proper form or the buyer does not to deliver funds in proper form.

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