Alternative Agricultural Research And Commercialization Corporation (AARCC): Originally established by the FACT Act 1990 as the Applied Agricultural Research Commercialization Center, the purpose of the AARCC is to assist in the research, development, and commercialization of new nonfood products from agricultural and forestry commodities. AARC makes repayable equity investments, such as buying stock or taking a percentage of future sales (royalties), or both. The FAIR Act of 1996 changed the Center from a government agency to a wholly-owned venture capital corporation of USDA.

 

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Alternative Agricultural Research And Commercialization Corporation (AARCC): Originally established by the FACT Act 1990 as the Applied Agricultural Research Commercialization Center, the purpose of the AARCC is to assist in the research, development, and commerciali . . . View Full Definition

Possessions Corporation: A type of corporation permitted under the U.S. tax code whose branch operation in a U.S. possession can obtain tax benefits as though it were operating as a foreign subsidiary.

Portland Cement: Cement made by heating clay and crushed limestone into a brick and then grinding to a pulverized powder state.

Post-And-Beam: A basic building method that uses just a few hefty posts and beams to support an entire structure. Contrasts with stud framing.