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tolling agreement

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. 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.
  • n. An agreement that has the effect of tolling or suspending the course of a fixed period of time, as a statute of limitations.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

toll ("charging a fee") + agreement

from Wiktionary, Creative Commons Attribution/Share-Alike License

toll + agreement

Examples

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Comments

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