Definition of Payment quantity

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TeachMeFinance.com - explain Payment quantity



Payment quantity

The term 'Payment quantity ' as it applies to the area of agriculture can be defined as ' The quantity of production eligible for production flexibility contract payments under the FAIR Act of 1996. Payment quantity is calculated as the farmís program yield (per acre) multiplied by 85% of the farmís contract acreage (but subject to payment limitations)'.

Previous 5 Terms:
Payline
payload
Payment
Payment limitation
Payment method for utilities
Next 5 Terms:
Payment Rate
Payment Safeguards
Payment-in-kind (PIK)
Payments in lieu of taxes (PILT)
Payroll Taxes




About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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