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In the context of project financing, a defined portion of the proceeds of production up to a dollar amount.


1. The process of turning raw material into a product that is sold. For example, a company's production may involve turning silver, zinc, and mercury into a dental filling.

2. Less commonly, the revenue one derives from production.


the act of combining FACTORS OF PRODUCTION (labour, capital, etc.) by FIRMS to produce OUTPUTS of goods and services. The relationship between inputs and outputs in physical terms is shown by the PRODUCTION FUNCTION and in cost terms by the COST FUNCTION. See BATCH PRODUCTION, MASS PRODUCTION, FLEXIBLE MANUFACTURING SYSTEM.
References in periodicals archive ?
In order to test the association between resting surfaces or stall types and some production diseases, Chi-squared ([x.
The single most important driver affecting growth in the probiotics industry are the European AGP bans, which have driven research and product development into alternative feed additives to reduce production diseases associated with pathogenic microfloral colonisation," notes the analyst of this research service.
Anil Bhikane, Professor of Medicine, Veterinary College, MAFSU, Udgir on various production diseases in bovines; Dr.

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