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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 ?
Results of the trial of the microbiological method for the enhancement of oil recovery at the carbonate collector of the Romashkinskoe oil field: biogeochemical and productional characteristics.
The negotiations are due to financial, productional and organisational reasons, the company said.
This book offers comprehensive analyses of every aspect of crop responses to increasing carbon dioxide as well as their productional significance for the world.

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