Forfeiture

Business / Finance / Forfeiture: Purchaser of promises to pay issued by importers.

Loan Forfeiture

Business / Agriculture / Loan Forfeiture: Under commodity program rules, a producer or processor who pledges a stored commodity as collateral to the Commodity Credit Corporation to obtain a nonrecourse loan can settle the repayment obligation MORE

Nonforfeiture Clause

Business / Taxes / Nonforfeiture Clause: If there is a nonforfeiture clause in your insurance policy contract, and you have let the policy lapse because you haven’t paid a premium that’s due, you may qualify for the benefit named in the MORE

Loan Forfeiture Level

Business / Agriculture / Loan Forfeiture Level: The lowest market price that a processor must receive before concluding that forfeiting pledged sugar to the Commodity Credit Corporation is more profitable than selling the sugar. In practice, USDA h MORE

Forfeiture Penalty (Sugar)

Business / Agriculture / Forfeiture Penalty (Sugar): A penalty paid to the Commodity Credit Corporation by a processor of sugar beets or sugarcane who, having taken out a nonrecourse loan, decides to hand over sugar pledged as collateral to the CCC rath MORE

Agriculture And Consumer Protection Act Of 1973

Business / Agriculture / Agriculture And Consumer Protection Act Of 1973: P.L. 93-86 (August 10, 1973) was the 4-year farm bill that adopted target prices and deficiency payments as a tool that would support farm income but reduce forfeitures to the Commodity Credit Corpora MORE

Sugar Price Support Program

Business / Agriculture / Sugar Price Support Program: The federal program that maintains a minimum price for sugar. The new program covers the 1996-2002 crops of sugar beets and sugarcane. Under the FAIR Act of 1996, sugar processors benefit from a price MORE

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