Category: Financial / Legal / Administrative / Political

A supply contract between a buyer and a seller, whereby the buyer is assured that he will not have to pay more than a given maximum price.

Contracts that give the right to an investor to buy (e.g. crude oil) at a predetermined level, as the commodity has been sold previously to investors at that level by the banks. An option that gives the buyer (holder) the right, but not the obligation, to buy a futures contract (enter into a long futures position) for a specified price within a specified period of time in exchange for a one-time premium payment. It obligates the seller (writer) of an option to sell the underlying futures contract (enter into a short futures position) at the designated price, should the option be exercised at that price

With the build-own-operate model, a private company is granted the right to develop, finance, design, build, own, operate, and maintain an infrastructure project. The private sector partner owns the project outright and retains the operating revenue risk and all of the surplus operating revenue in perpetuity. This approach is more common in the power and telecommunications sectors

In a BOT arrangement, the private sector carries out the detailed design of the project and builds the infrastructure, finances its construction and owns, operates and maintains it over a period, often as long as 20 or 30 years, after which it is transferred to the state.

A public register, which is a register of the real property of a country