price cap contract
Defined in 1 place of the United States Code.
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.
Source
- 2000–present42 U.S.C. § 6283The Public Health and Welfare · Summer fill and fuel budgeting programs · in this section