TeachMeFinance.com - explain Short-term purchase
Short-term purchase The term 'Short-term purchase' as it applies to the area of energy can be defined as ' A purchase contract under which all deliveries of materials are scheduled to be completed by the end of the first calender year following the contract-signing year. Deliveries can be made during the contract year, but deliveries are not scheduled to occur beyond the first calendar year there after'.
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