tolling agreement

Meaning

Noun

• 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.

Origin

• tolling + agreement
• tolling + agreement