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A transaction for delivery by a fixed date is an agreement that the time of performance is of greater significance in such a way that the creditor does not have to accept subsequent performance if the time of performance is missed, but can withdraw from the contract.

Term-Nr.: 378

German: Fixgeschäft (341)

Source: LK-Lötscher, 11.05.2020

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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