Outrageously Funny Word Dictionary :: Stipitate

👉 Stipitate is a legal term in the United States that refers to an agreement between two or more parties where one party, typically the seller, has the option of withholding goods from delivery until payment for those goods has been received. This is done in order to protect the buyer's right to receive the goods and avoid potential loss due to non-payment. In a stipitate case, both parties have an obligation to deliver the goods at a specified time or pay the price as agreed upon by the stip

stipitate