Take or pay is a type of clause in a sales contract that guarantees the seller a minimum portion of the agreed payment if the buyer fails to actually purchase the full agreed quantity of goods.
Tangible total capital (TCE) is a measure of a company’s physical capital that is used to assess a financial institution’s ability to handle potential losses.
Net tangible value is usually the net worth of a company without taking into account intangible assets such as copyrights, patents and intellectual property.