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BENEFICIARY — (1) One entitled to the benefit of a trust; (2) One who receives profit from an estate, the title of which is vested in a trustee; (3) The lender on the security of a note and deed of trust. BEQUEATH — To give or hand down by will; to leave by will. BEQUEST — Personal property given by the terms of a will.
Blanket order. A blanket order, blanket purchase agreement or call-off order[1] is a purchase order which a customer places with its supplier to allow multiple delivery dates over a period of time, often negotiated to take advantage of predetermined pricing.
blanket order (plural blanket orders) A purchase order placed by a customer with a supplier to allow multiple delivery dates over a period of time, often negotiated to take advantage of predetermined pricing. Synonym: call-off
Blanket Order means an agreement with a Vendor that sets terms and conditions for procuring specific Supplies and/or Services over a period of time. The Blanket Order establishes an account with the Vendor whereby such Vendor agrees to supply the said items at specified prices.
Define Blanket Order (Supply Contract. Means a Purchase Order which establishes prices or a method for determining prices, Terms and conditions and the period of time which a vendor agrees to provide goods and Services to the purchaser upon the purchasers demand.
Blanket Orders defined: A blanket order is a purchase order the campus end user makes with its supplier that contains multiple delivery dates over a period of time, negotiated to take advantage of predetermined pricing.
A blanket order is a purchase order the customer makes with its supplier which contains multiple delivery dates scheduled over a period of time, often negotiated to take advantage of predetermined pricing. It is normally used when there is a recurring need for expendable goods.
