Business / Agriculture / Advance Deficiency Payments: Initial payments (ranging from 30 to 50% of the total payment) made to crop producers when they signed up for federal commodity programs. If the total deficiency payment was eventually calculated to be less than the advance deficiency payment, the producer was required to refund the difference. The FAIR Act of 1996 replaces the target price/deficiency payment subsidy mechanism with production flexibility contract payments.
Advance Noun Synonyms: progress, development, progress, forward movement, improvement, betterment, headway
Advance Verb Synonyms: move or put or push or go forward, approach
Business / Agriculture / Deficiency Payments: Direct government payments made to farmers who participated in an annual commodity program for wheat, feed grains, rice, or cotton, prior to 1996. The crop-specific deficiency payment rate was based o MORE
Science / Biology / Human Immunodeficiency Virus (HIV): The retrovirus that attacks T-cells in the human immune system, destroying the bodys defenses and allowing the development of AIDS. MORE