Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • v. To take off; take away.
  • n. A point or channel of drainage or off-flow; offlet.
  • n. The removal of oil (or an industrial chemical) from a storage facility.

from the GNU version of the Collaborative International Dictionary of English

  • n. Act of taking off; specif., the taking off or purchase of goods.
  • n. Something taken off; a deduction.
  • n. A channel for taking away air or water; also, the point of beginning of such a channel; a take-off.

from The Century Dictionary and Cyclopedia

  • To take off; take away.
  • n. In mining, a subsidiary drainage-level, used where, from the form of the country, the water may be run off level-free.
  • n. A point or channel of drainage or off-flow.
  • n. A suction; an opening or pipe through which a fluid is drawn off.
  • n. A taking off; specifically, a taking of goods off the market by purchase; the amount or value of goods thus taken off the market; a deduction.

Etymologies

From Middle English oftaken, equivalent to off- +‎ take. (Wiktionary)

Examples

  • And in August, Coal India invited bids from overseas miners to enter into contracts for long-term offtake of coal.

    Coal India in Talks With Peabody, Massey Energy to Buy Stakes in Mines

  • Qld. Separately on Tuesday, Mr Klein, now Conquest's executive chairman, said the miner aimed in the next three to four months to formalise a long-term offtake contract with a Chinese smelter company for product from Mt Carlton.

    The Sydney Morning Herald News Headlines

  • Mr Walker also believed Conquest's offer was appealing because it would give NQM shareholders exposure to Conquest's Mt Carlton gold, silver and copper project in north Qld. Separately on Tuesday, Mr Klein, now Conquest's executive chairman, said the miner aimed in the next three to four months to formalise a long-term offtake contract with a Chinese smelter company for product from Mt Carlton.

    Latest News - Yahoo!7 News

  • Mr Hanna said that party was likely to be a long-term offtake partner but would not be drawn further on whether talks had commenced.

    The Sydney Morning Herald News Headlines

  • Mt Gibson terminated several offtake agreements in October 2008 due to customer breaches and had to undertake a large equity raising and negotiate short, medium and long term offtake agreements with alternative customers to mitigate its

    Latest News - Yahoo!7 News

  • NQM said Mr Walker also believed Conquest's offer was appealing because it would give NQM shareholders exposure to Conquest's Mt Carlton gold, silver and copper project in north Qld. Separately on Tuesday, Mr Klein, now Conquest's executive chairman, said the miner aimed in the next three to four months to formalise a long-term offtake contract with a Chinese smelter company for product from Mt Carlton.

    WA Business News - Latest News

  • Western Areas is seeking a short term offtake contract for the balance of between 10,000 to

    Marketwire - Breaking News Releases

  • Western Areas is also seeking a short-term offtake contract for the balance of between

    Forbes.com: News

  • Equinox also has a long-term offtake contract with Chambishi Copper Smelter, with deliveries to start later this month.

    WA Business News - Latest News

  • These requirements allow utilities to sign long-term offtake agreements with renewable power projects, enabling investment grade project ratings in the sector.

    FinanzNachrichten.de: Aktuelle Nachrichten

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