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In the context of project financing, a defined portion of the proceeds of production up to a dollar amount.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The students should be prompted to remember that the rate of carbon dioxide production is a measure of the fermentation rate of each raw material and therefore reflects the efficiency of the given raw material for ethanol production.
Oxygen bears a stoichiometric relationship to carbon dioxide production and bacterial growth.
Some scientists believe that exercise attracts mosquitoes, as they use movement as well as body temperature to track victims, both of which increase during exercise, along with carbon dioxide production.
The reality is that wind turbines are not fit for purpose and do not reduce carbon dioxide production principally because of the need, at great expense, to keep back-up, gas-fired, systems running.
The efficiency, and the consequent reduction in carbon dioxide production per unit of coal burned, is directly due to the progress made in designing and building more efficient combustion systems, steam production and turbine efficiency.
George Smith, the force's energy manager, said: "To have successfully lowered our carbon dioxide production for four years at a time when the force has been growing in size has been a real achievement and one in which we can take great pride.
Then they discuss how ingredients are blended to an agreed specification, sugar dissolving, batch and continuous syrup production, carbon dioxide production, carbonation techniques, the physics of filling bottles with carbonated beverages, the latest filling equipment, primary and secondary packaging, and inspection.
Yeang does not suggest that air-conditioning can be done away with completely, but that his proposals will temper the need for it, and hence reduce fuel use and carbon dioxide production. The tower houses a hotel topped by offices, with an exhibition hall and auditorium for 300 people slung in at levels 17 and 18.

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