Definition of Certificates (commodity)

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TeachMeFinance.com - explain Certificates (commodity)



Certificates (commodity)

The term 'Certificates (commodity) ' as it applies to the area of agriculture can be defined as ' Legal instruments, entitling a qualified bearer to a specific dollar value of USDA surplus commodities. Payment-in-kind (PIK) 'certs' either can specify the types of commodities or be generic. Certificates were heavily used during the 1980s as a means of meeting financial obligations and simultaneously disposing of CCC-owned commodities'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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