Payment Rate: Generally, the amount paid per unit of production (i.e., bushel, pound, hundredweight) to each participating farmer for eligible production under commodity income and price support programs.

 

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Payment Rate: Generally, the amount paid per unit of production (i.e., bushel, pound, hundredweight) to each participating farmer for eligible production under commodity income and price support programs.

Marketing Loan Repayment Provisions: A loan settlement provision, first authorized by the Food Security Act of 1985, that allows producers to repay nonrecourse loans at less than the announced loan rates whenever the world pric . . . View Full Definition

Small Hog Operation Payment (SHOP): A $50 million program, announced January 12, 1999, that makes direct farm payments of up to $5 per hog on the first 500 hogs marketed during the last 6 months of 1998. Operations marketing 1 . . . View Full Definition

PSA Prepayment Rate: The Bond Market Trade Association's Mortgaged Asset-Backed Securities Division's prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a . . . View Full Definition

Adjustable-Rate Mortgage (ARM): A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equi . . . View Full Definition

Contract Payments Under AMTA: Some $36 billion in payments to be made to farmers for contract crops for fiscal years 1996-2002 under Title I of the FAIR Act of 1996, known as the Agricultural Market Transition Act (AMTA) . . . View Full Definition

Incentive Payments: Direct payments made to producers of wool and mohair, which were similar to deficiency payments made to producers of grains and cotton. The incentive payment rate was the percentage needed t . . . View Full Definition

Deficiency Payments: Direct government payments made to farmers who participated in an annual commodity program for wheat, feed grains, rice, or cotton, prior to 1996. The crop-specific deficiency payment rate w . . . View Full Definition

Break-Even Payment Rate: The prepayment rate of an MBS coupon that will produce the same cash flow yield (CFY) as that of a predetermined benchmark MBS coupon. Used to identify for coupons higher than the benchmark . . . View Full Definition

Personal Inflation Rate: The inflation rate as it affects a specific individual.