tolling agreement

English - English

Definition of tolling agreement in English English dictionary

An agreement by a toller with an owner of raw materials to process the raw material for a specified fee ("toll") into a product with the raw material and the product remaining the property of the provider of the raw material

An agreement that has the effect of tolling or suspending the course of a fixed period of time, as a statute of limitations

Related Terms

tolling agreements

plural form of tolling agreement

Hyphenation

tolling A·gree·ment

Turkish pronunciation

tōlîng ıgrimınt

Pronunciation

/ˈtōləɴɢ əˈgrēmənt/ /ˈtoʊlɪŋ əˈɡriːmənt/

Etymology

() tolling (“charging a fee”) + agreement