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We found 4 dictionaries that define the word take or pay:

General (3 matching dictionaries)
  1. take or pay: Longman Dictionary of Contemporary English
  2. take-or-pay, take or pay: Wiktionary
  3. take or pay: Dictionary.com

Business (1 matching dictionary)
  1. Take or Pay: Investopedia

Definitions from Wiktionary (take or pay)

noun:  (business) A take-or-pay contract; a take-or-pay provision in a contract.
noun:  (business) A contractual obligation either to take delivery of contracted goods or services or to make a specified payment.

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