Meaning of “tolling agreement” in the English Dictionary

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"tolling agreement" in Business English

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tolling agreementnoun [ C ]

uk us PRODUCTION

a contract to supply an agreed amount of raw material to be put through industrial processes by a particular factory:

Under an innovative tolling agreement the company has acquired rights to the total monthly output of two mines.

(Definition of “tolling agreement” from the Cambridge Business English Dictionary © Cambridge University Press)