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TeachMeFinance.com - explain Long-term purchase Long-term purchase The term 'Long-term purchase' as it applies to the area of energy can be defined as ' A purchase contract under which at least one delivery of material is scheduled to occur during the second calendar year after the contract-signing year. Deliveries also can occur during the contract-signing year, during the first calendar year there after, or during any subsequent calendar year'. Previous 5 Terms: Long-Term Care Long-term Care Hospital Long-Term Care Insurance Long-Term Care Ombudsman Long-term debt Next 5 Terms: Long-term self-renewal Long-throated flumes Longwall mining Longwall mining machine Longwave Radiation About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.