Point-Of-Service (POS) Product: A healthcare option that allows members to choose at the time medical services are needed whether they will go to a provider within the plan's network or seek medical care outside the network.

 

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Point-Of-Service (POS) Product: A healthcare option that allows members to choose at the time medical services are needed whether they will go to a provider within the plan's network or seek medical care outside the network.

Production Contract: These contracts specify who supplies the production inputs, the quality and quantity of the commodity to be produced, and the compensation for the producer. Under some livestock production c . . . View Full Definition

Production: The shooting of the program itself.

Production Coordinator: A job title for a person involved in the management side of things - lower than an Assistant Producer. Programmable Handheld the opposite of a 'dedicated handheld.'

Production Expenses: Measures the aggregate business cost of farming. The two main components are current farm operating expenses and overhead costs. Farm production expenses are accounted for differently in cal . . . View Full Definition

Production Flexibility Contract: A 7-year contract covering crop years 1996-2002, authorized by the FAIR Act of 1996 between the CCC and farmers, which makes fixed income support payments in place of the previous variable t . . . View Full Definition

Product Risk: A type of mortgage pipeline risk that occurs when a lender has an unusual loan in production or inventory but does not have a sale commitment at a prearranged price.

Production Credit Association (PCA): Farm Credit System institutions that have direct lending authority to make short and intermediate term loans to eligible retail customers.

Product Cycle: The time it takes to bring new and/or improved products to market.

Preproduction Expenses: Expenses incurred prior to the period when a farm activity begins producing, primarily raising orchard trees or breeding animals.