Search Results for: PRICE SUPPORT

export quota

glossary /

A restriction on the products that can be sold to foreign countries. • In the United States, export quotas can be established by the federal government for various purposes, including national defense, price support, and economic stability.

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quota

glossary /

quota. 1. A proportional share assigned to a person or group; an allotment (the university’s admission standards included a quota for in-state residents). [Cases: Colleges and Universities 9.15. C.J.S. Colleges and Universities § 30.] 2. A quantitative restriction; a minimum or maximum number (Faldo met his sales quota for the month). export quota. A restriction

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crops

glossary /

crops. Products that are grown, raised, and harvested. • Crops usu. are from the soil, but fruit grown on trees are also considered crops. [Cases: Crops 1. C.J.S. Crops §§ 1–5, 9.] annual crops. 1. Crops that must be planted each year, such as cotton, wheat, barley, corn, carrots, potatoes, and melons. 2. Crops for

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subsidy

glossary /

subsidy (s[schwa]b-s[schwa]-dee), n. 1. A grant, usu. made by the government, to any enterprise whose promotion is considered to be in the public interest. • Although governments sometimes make direct payments (such as cash grants), subsidies are usu. indirect. They may take the form of research-and-development support, tax breaks, provision of raw materials at below-market

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escalator clause

glossary /

escalator clause. 1. A contractual provision that makes pricing flexible by increasing or decreasing the contract price according to changing market conditions, such as higher or lower taxes or operating costs. [Cases: Contracts 229, 231. C.J.S. Contracts §§ 378, 385, 387–391, 393–398.] 2. A provision in a divorce decree or divorce agreement providing for the

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