2. Something taken off; a deduction.
[Webster 1913 Suppl.]
3. A channel for taking away air or water; also, the point of beginning of such a channel; a take-off. [Webster 1913 Suppl.]
The Collaborative International Dictionary of English. 2000.
offtake — /ˈɒfteɪk/ (say oftayk) noun 1. the purchase of goods or commodities: nickel concentrate offtake; sugar offtake. 2. a discount or deduction. 3. a channel for taking away air or water …
offtake — ˈ ̷ ̷ˌ ̷ ̷ noun Etymology: off (III) + take (after take off, v.) 1. : the act of taking off: as a. : the taking off or purchase of goods … Useful english dictionary
offtake agreement — USA As used in project financing, an agreement to purchase all or a substantial part of the output or product produced by a project. Related links spot market offtaker Practical Law Dictionary. Glossary of UK, US and international legal ter … Law dictionary
Offtake Agreement — An agreement between a producer of a resource and a buyer of a resource to purchase/sell portions of the producer s future production. An offtake agreement is normally negotiated prior to the construction of a facility such as a mine in order to… … Investment dictionary
offtake — a channel by which water is removed … Dictionary of ichthyology
offtake — /awf tayk , of /, n. a pipe or passage for conducting smoke, a current of air, or the like, to an uptake or downtake. [1870 75; after v. phrase take off] * * * … Universalium
offtake — noun a) A point or channel of drainage or off flow; offlet. b) The removal of oil (or an industrial chemical) from a storage facility … Wiktionary
offtake — n. air duct, passage … English contemporary dictionary
offtake — noun the removal of oil from a reservoir or supply … English new terms dictionary
spot market — USA A commodities or securities market in which goods are sold under a purchase order or contract at the price prevailing at the time of the sale and delivered immediately. The purchaser is not obligated to acquire any additional goods or… … Law dictionary
