Business / Agriculture / Marketing Loan Repayment Provisions: A loan settlement provision, first authorized by the Food Security Act of 1985, that allows producers to repay nonrecourse loans at less than the announced loan rates whenever the world price or loan repayment rate for the commodity is less than the loan rate. Marketing loan provisions became mandatory for soybeans and other oilseeds, upland cotton, and rice and were permitted for wheat, feed grains, and honey under amendments made by the FACT Act of 1990. The FAIR Act of 1996 retains the marketing loan provisions for feed grains, wheat, rice, upland cotton, and oilseeds.
Provisions Noun Synonyms: supplies, stores, stockpile, stock(s), quantity, food, foodstuffs, eatables, edibles, drinkables, potables, victuals, viands, comestibles, rations, groceries, provender, staples
Business / Agriculture / Marketing Assistance Loans: Nonrecourse loans made available to producers of wheat, feed grains, upland and ELS cotton, rice, soybeans, and minor oilseeds under the Agricultural Market Transition Act provisions in the FAIR Act o MORE
Business / Finance / Policy Loan: A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy. MORE