offtake in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Offtake refers to a contractual agreement in which a buyer agrees to purchase a certain quantity of goods or products from a seller, often used in the context of securing a market for production outputs.
Crossword clues for offtake
Crossword clue ideas and answer hints for the word "offtake".
- Agreement to purchase goods from a supplier.
- Contractual commitment to buy products.
- Buyer’s promise to take delivery of items.
- Purchase agreement for specific quantities.
- Deal securing market for produced goods.
Offtake sentence examples
- The company's off-take agreement ensures a steady market for its products.
- Investors are closely monitoring the off-take rates to gauge the project's viability.
- The off-take from the new solar plant has exceeded initial expectations.
- Negotiating off-take contracts is crucial for securing financing in the energy sector.
- She analyzed the off-take patterns to improve inventory management strategies.