other market formula purchase
Defined in 1 place of the United States Code.
The term “other market formula purchase” includes a formula purchase in a case in which the price formula is based on one or more futures or options contracts.
Source
- 1999–present7 U.S.C. § 1635IAgriculture · Definitions · in this part
The term “other market formula purchase” means a purchase of swine by a packer in which the pricing mechanism is a formula price based on any market other than the market for swine, pork, or a pork product.
Source
- 1999–present7 U.S.C. § 1635IAgriculture · Definitions · in this part