negotiated sale

(9) Negotiated sale The term “negotiated sale” means a cash or spot market sale by a producer of livestock to a packer under which— (A) the base price for the livestock is determined by seller-buyer interaction and agreement on a day; and (B) the livestock are scheduled for delivery to the packer not later than 14 days after the date on which the livestock are committed to the packer.

Source

7 USC § 1635a(9)


Scoping language

None identified. Default scope is assumed to be the entire title.
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