Dictionary

tolling agreement en · NOUN · etymology 1

Etymology

From tolling (“charging a fee”) + agreement.

Meanings

1. An agreement by a toller with an owner of raw materials to process the raw material for a specified fee ("toll") into a product with the raw material and the product remaining the property of the provider of the raw material. E.g. converting fuel into electricity at a certain price.
   • In the mining industry, the owner of semi-processed material might enter into a tolling agreement with a smelter or refiner to turn his semi-processed product into metal 2006, Graham D. Vinter, Project Finance: A Legal Guide, page 130:
2. An agreement to deliver a specified amount of raw material per period through a particular processing facility.
   • Tolling agreement: An agreement to put a specified amount of raw material per period through a particular processing facility. For example, an agreement to process a specified amount of alumina into aluminum at a particular aluminum plant. 2018, Campbell R. Harvey, (Please provide the book title or journal name):

Forms

tolling agreement en · NOUN · etymology 2

Etymology

From tolling + agreement.

Meanings

1. An agreement that has the effect of tolling or suspending the course of a fixed period of time, as a statute of limitations.

Forms

Synonyms

standstill agreement