Business / Agriculture / Group Risk Protection (GRP): A form of crop insurance available in certain parts of the country that makes an indemnity payment to all participating crop farmers in a particular area when the entire county’s crop production is a certain percentage below the normal production level of the county. This differs from the basic crop insurance program that makes payments to participating farmers when the individual farmer’s own crop yield is less than the producer’s normal yield.
Group Noun Synonyms: batch, aggregation, set, grouping, collection, assemblage, bunch, accumulation, conglomeration, agglomeration, assortment, series, pile, heap, bundle
Group Adjective Synonyms: assembly, assemblage, gathering, congregation, company, number, alliance, union, association, organization, league, society, coterie, clique, set, band, circle, club, party, body, faction, crowd, team, corps, guild, troupe, unit, troop, platoon, squad
Protection Verb Synonyms: extortion, blackmail, protection money
Protection Adjective Synonyms: defense, screen, shield, barrier, guard, safeguard, immunity, bulwark, buffer, shelter, refuge, haven, sanctuary, security, safe keeping, safety, preservation
Business / Agriculture / Group Risk Income Protection (GRIP): A county-based revenue insurance program, that is a variation of Group Risk Protection (GRP). GRIP pays a participating producer when the county revenue per acre for an insured crop falls below a trig MORE
Business / Finance / Protectionism: Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers. MORE