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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 classic literature ?
Conservation of the old modes of production in unaltered form, was, on the contrary, the first condition of existence for all earlier industrial classes.
When we reflect on the vast diversity of the plants and animals which have been cultivated, and which have varied during all ages under the most different climates and treatment, I think we are driven to conclude that this greater variability is simply due to our domestic productions having been raised under conditions of life not so uniform as, and somewhat different from, those to which the parent-species have been exposed under nature.
Everywhere we met with th same productions, and the same dreary landscape.
The chief power of the production lies in its fire of witty epigrams, many of which have become familiar quotations, for example:
She differs somewhat from the young man I just mentioned, in that the faculty of production, of action, is, in her, less inanimate; she has more of the freshness and vigour that we suppose to belong to a young civilisation.
But then, again, with him "action" meant chiefly literary production.
Finally I promised one little girl, who made a long journey to see me and prefer her request, -- and she is a "Dorothy," by the way -- that when a thousand little girls had written me a thousand little letters asking for the Scarecrow and the Tin Woodman I would write the book, Either little Dorothy was a fairy in disguise, and waved her magic wand, or the success of the stage production of "The Wizard of OZ" made new friends for the story, For the thousand letters reached their destination long since -- and many more followed them.
Because," said the Man Leaning on a Spade, "I belong to the Gravediggers' National Extortion Society, and we have decided to limit the production of graves and get more money for the reduced output.
Some few days after this memorable meeting of the Gun Club, the manager of an English company announced, at the Baltimore theatre, the production of "Much ado about Nothing.
It is not enough that a country should lose none of the money that forms its capital; you will not increase its prosperity by more or less ingenious devices for causing this amount to circulate, by means of production and consumption, through the greatest possible number of hands.
Suppose now that a husbandman, or an artisan, brings some production to market, and he comes at a time when there is no one to exchange with him,--is he to leave his calling and sit idle in the market-place?
And so we're founding a locksmiths' association, where all the production and profit and the chief instruments of production will be in common.

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