offtake

American  

[awf-teyk, of-] / ˈɔfˌteɪk, ˈɒf- /

noun

1. a pipe or passage for conducting smoke, a current of air, or the like, to an uptake or downtake.

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Etymology

Origin of offtake

First recorded in 1870–75; after verb phrase take off

Example Sentences

It’s the floor price referenced in the Defense Department’s blockbuster July agreement with MP that included a price floor, equity, and offtake agreements.

From Barron's

In July, the Defense Department struck a blockbuster deal with MP that included equity, price-floor mechanisms, and offtake agreements for new capacity.

From Barron's

“But we did not request, nor do we need, price floors or offtake agreements,” Humpton said.

From MarketWatch

Department of Defense announced a blockbuster deal with MP in July that includes equity, offtake agreements, and—importantly—price floors for rare-earth products.

From Barron's

“The USA Rare Earth arrangement does lack the price floors, profitability guarantees, and offtake agreements inherent in the MP deal, a structural deficiency, in our view,” wrote Canaccord analyst George Gianarikas on Monday.

From Barron's