Recourse Loan Program

Business / Agriculture / Recourse Loan Program: Under the FAIR Act of 1996, recourse loans are available to producers of high moisture corn and seed cotton, dairy processors, and sugar processors. The commodity is pledged as security, but in contrast to nonrecourse loans, the borrower must repay the loan with interest within a specified period. The recourse loan program for butter, nonfat dry milk, and cheese begins in 2000. Loans for sugar are recourse when the tariff-rate import quota is below 1.5 million short tons. However, such loans revert to nonrecourse status if the tariff-rate quota is equal to above 1.5 million short tons. The honey recourse loan program and the mohair recourse loan program are authorized for 1998 production only.

Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
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Other Words for Program

Program Verb Synonyms: performance, production, show, presentation, (radio or television) play, telecast, broadcast, recital, concert
Program Noun Synonyms: schedule, plan, scheme, agenda, order of the day, routine, protocol, slate, list, listing, description, outline, abstract, , calendar, menu, bill of fare, curriculum, syllabus, synopsis, summary, prospectus
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Other Words for Recourse

Recourse Verb Synonyms: resort, access, entr‚e, admittance, availability
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Honey Program

Business / Agriculture / Honey Program: Non-recourse marketing loans had long been available to support honey prices until FY1994, when the funding was suspended by provisions in annual appropriations legislation. The FACT Act of 1990 had s MORE

Pesticide Data Program (PDP)

Business / Agriculture / Pesticide Data Program (PDP): A program initiated in 1991 by the Agricultural Marketing Service to collect pesticide residue data on selected food commodities, primarily fruits and vegetables. PDP data are used by the Environmenta MORE

Personal Loan

Business / Debt / Personal Loan: Loans available from banks and other financial institutions to private individuals for personal use such as the purchase of a motor vehicle, holiday or similar item are personal loans. Repayment perio MORE

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