Perishable Agricultural Commodities Act (PACA) Of 1930

Business / Agriculture / Perishable Agricultural Commodities Act (PACA) Of 1930: P.L. 71-325 (June 10, 1930), as amended, regulates the buying and selling of fresh and frozen fruits and vegetables to prevent unfair trading practices and to assure that sellers will be paid promptly. Both produce sellers and buyers must pay fees for a license in order to do business, and these license fees are the source of funding for a trust program that resolves disputes and protects sellers from non-payment when buyers become bankrupt. Amendments to the Act in 1995 (P.L. 104-48) include a 3-year phase out of the annual license fees for retailers and grocery wholesaler-dealers to be replaced by one-time fee.

Other Words for Act

Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
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Out-Of-Plan (Out-Of-Network)

Health / Health Insurance / Out-Of-Plan (Out-Of-Network): This phrase usually refers to physicians, hospitals or other health care providers who are considered nonparticipants in an insurance plan (usually an HMO or PPO). Depending on an individual's health MORE

Out-Of-Pocket

Health / Dentistry / Out-Of-Pocket: Copayments, deductibles or fees paid by participants for health services or prescriptions. MORE

Out-Of-Network Provider

Health / Dentistry / Out-Of-Network Provider: Any health care provider that does not belong to a CIGNA network. Members can use their benefits for out-of-network expenses, but miss out on in-network discounts. MORE

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