tolling agreement

名词 n.
中文释义

英文释义

名词 n.
  1. An agreement by a toller with an owner of raw materials to process the raw material for a specified fee ("toll") into a product with the raw material and the product remaining the property of the provider of the raw material. E.g. converting fuel into electricity at a certain price.
    — In the mining industry, the owner of semi-processed material might enter into a tolling agreement with a smelter or refiner to turn his semi-processed product into metal
  2. An agreement that has the effect of tolling or suspending the course of a fixed period of time, as a statute of limitations.
  3. An agreement to deliver a specified amount of raw material per period through a particular processing facility.
    — Tolling agreement: An agreement to put a specified amount of raw material per period through a particular processing facility. For example, an agreement to process a specified amount of alumina into aluminum at a particular aluminum plant.

词形变化

tolling agreements plural tolling agreements plural

词源

词源 1
From tolling (“charging a fee”) + agreement.
词源 2
From tolling + agreement.
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