Public-domain · open source
OpenJurist

price cap contract

Defined in 1 dictionary — U.S. Code

United States Code

42 U.S.C. § 6283 — in this section

The term “price cap contract” means a contract between a retailer and a consumer under which the retailer charges the consumer the market price for propane, kerosene, or heating oil, but the cost of the propane, kerosene, or heating oil may exceed a maximum amount stated in the contract.