Business / Agriculture / Commodity Loan Rates: Price per unit (pound, bushel, bale, or hundredweight) at which the CCC provides nonrecourse loans to farmers to enable them to hold program crops for later sale. Commodity loans under the FAIR Act of 1996 are recourse for sugar in years that imports are below 1.5 million short tons, and will become recourse for dairy in 2000.
Business / Finance / Nonpurpose Loan: A loan with securities pledged as collateral, but which is not to be used in securities trading or transactions. MORE
Business / Finance / Nonproductive Loan: A loan that increases spending power, but is used in business that does not directly increase the economy's output, such as a leveraged buyout loan. MORE