take-or-pay
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
Describing a contract that obliges the buyer to pay for a minimum quantity whether or not it is taken.
The take-or-pay clause meant the smelter paid for gas it never burned during the shutdown.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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