payment-in-kind

payment-in-kind

Refers to an alternative to cash payments to producers of various commodities under the U.S. Department of Agriculture acreage control program authorized by Congress in 1985. The payments consisted of generic certificates which could be exchanged for commodities held in government warehouses or redeemed for equivalent monetary value.

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Industry/Domain: Financial services
Category: Commodity exchange
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Industry/Domain: Materials science Category: Metallurgy

Forging

In metallurgy, the process of shaping metal and increasing its strength by hammering or pressing. In most forging an upper die is forced against a ...