Production

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Production

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

Production

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.

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 ?
They have here two harvests in the year, which is a sufficient recompense for the small produce of each; one harvest they have in the winter, which lasts through the months of July, August, and September, the other in the spring; their trees are always green, and it is the fault of the inhabitants that they produce so little fruit, the soil being well adapted to all sorts, especially those that come from the Indies.
It takes away the guard of reason, and consequently forces us to produce those symptoms, which many, when sober, have art enough to conceal.
Until now, its dynamic force has remained under restraint, and has only been able to produce a small amount of power.
Will they not produce corn, and wine, and clothes, and shoes, and build houses for themselves?
In this way our dairy produce came, in time, to command higher prices in the market than that sent by other communes.
They take all the hides produced in the department itself, and even draw part of their supply from Provence; and yet the Tyrolese uses more leather than they can produce, and has forty work-people in his employ!
The country upon which all others depend for their supplies will be the land which will promulgate free trade, for it will be conscious of its power to produce its manufactures at prices lower than those of any of its competitors.
France, no doubt, possesses more than one well-educated man and more than one patriot in every commune; but I am fully persuaded that not every canton can produce a man who to these valuable qualifications unites the unflagging will and pertinacity with which a blacksmith hammers out iron.
There is plenty of demand in a large city for produce of all kinds, but not every commune is situated at the gates of a city.
All this tends to the prejudice of the truth and the corruption of history, nay more, to the reproach of the wits of Spain; for foreigners who scrupulously observe the laws of the drama look upon us as barbarous and ignorant, when they see the absurdity and nonsense of the plays we produce.
The laws of correlation of growth, the importance of which should never be overlooked, will ensure some differences; but, as a general rule, I cannot doubt that the continued selection of slight variations, either in the leaves, the flowers, or the fruit, will produce races differing from each other chiefly in these characters.