DEFINITION of 'Hell or High Water Contract'

A non-cancelable contract whereby the purchaser must make the specified payments to the seller, regardless of any difficulties they may encounter.

BREAKING DOWN 'Hell or High Water Contract'

Hell or high water clauses bind the purchaser or lessee to the terms of the contract until the contract's expiration.

Also known as a promise to pay contract.

  1. Cash Contract

    A financial arrangement that requires delivery of a particular ...
  2. Delivery Date

    The delivery date is the final date the underlying commodity ...
  3. Continuous Contract

    A reinsurance contract that does not have a fixed contract end ...
  4. Seller's Option

    The right of a forward contract seller to choose some of the ...
  5. Futures

    A financial contract obligating the buyer to purchase an asset ...
  6. Fixed Income Forward

    A contract to buy or sell a fixed income security in the future ...
Related Articles
  1. Trading

    The Difference Between Forwards and Futures

    Both forward and futures contracts allow investors to buy or sell an asset at a specific time and price.
  2. Trading

    Stock Futures vs. Stock Options

    A quick overview of how stock futures and stock options work and why you would pick one over the other depending on the strategy being used.
  3. Trading

    Futures Fundamentals

    This tutorial explains what futures contracts are, how they work and why investors use them.
  4. Investing

    Contingency Clauses In Home Purchase Contracts

    Here, we introduce widely used contingency clauses in home purchase contracts and how they can benefit both Buyers and Sellers.
  5. Investing

    Introduction To Currency Futures

    The forex market is not the only way for investors and traders to participate in foreign exchange.
  6. Investing

    Investing in Crude Oil Futures: The Risks and Rewards

    Learn about the risks and rewards of trading oil futures contracts. Read about a few strategies to limit the risk in trading oil futures contracts.
  7. Investing

    Is USO a Good Way to Invest in Oil?

    The United States Oil Fund is better suited to short-term investors who actively manage their portfolios.
  8. Investing

    Fueling Futures In The Energy Market

    The energy market influences every aspect of our lives, and these four options are its driving force.
  1. How do the investment risks differ between options and futures?

    Learn what differences exist between futures and options contracts and how each can be used to hedge against investment risk ... Read Answer >>
  2. Forward Contracts vs. Futures Contracts

    While both forward and futures contracts allow people to buy or sell a specific asset at a specific time at a given price, ... Read Answer >>
  3. How are futures used to hedge a position?

    Learn how futures contracts can be used to limit risk exposure. Read Answer >>
  4. What does a futures contract cost?

    Learn about values of futures contracts and the initial margin a trader must place in an account to open a futures position, ... Read Answer >>
  5. What is the difference between an options contract and a futures contract?

    Both futures and options trading are considered advanced forms of market trading, and require additional training or the ... Read Answer >>
  6. How do futures contracts roll over?

    Learn about why futures contracts are often rolled over into forward month contracts prior to expiration, and understand ... Read Answer >>
Trading Center