Share this entry

Share this page

deficiency payment

Line breaks: de|fi¦ciency pay|ment

Definition of deficiency payment in English:

noun

A payment made, typically by a government body, to cover a financial deficit incurred in the course of an activity such as farming.
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.

Definition of deficiency payment in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day cumbersome
Pronunciation: ˈkʌmbəs(ə)m
adjective
large or heavy and therefore difficult to carry…