Definition of deficiency payment in English:

deficiency payment

Syllabification: de·fi·cien·cy pay·ment

noun

  • A payment made, typically by a government body, to cover a financial deficit incurred in the course of an activity such as farming or education.
    More example sentences
    • He made the decision to take the 0/92 payment (you got 92% of your deficiency payment if you harvested no crop).
    • Expressed as a percentage of the guaranteed price paid to farmers, the deficiency payment remained virtually unchanged, from 14.97 percent in 1993 to 14.28 percent in 2000.
    • This protection came in the form of a federal crop insurance program, ad hoc disaster payments, and deficiency payments.

More definitions of deficiency payment

Definition of deficiency payment in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day skosh
Pronunciation: skəʊʃ
noun
a small amount; a little