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Payment-In-Kind Program

In the field of finance, there exists a government-sponsored program that involves farmers adhering to a voluntary acreage-control program and setting aside a predetermined percentage of their land. As a reward for their cooperation, these farmers are granted certificates that can later be exchanged for government-owned stocks of grain. This program serves as a means of regulating the supply of agricultural products and maintaining stability in the market.

Associate Membership

A Chicago Board of Trade membership is a valuable asset for those interested in trading financial instrument futures and participating in designated markets. With this membe...

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Forward (Cash) Contract

They are often used for hedging purposes. A crucial concept in the world of finance is the forward contract, where a seller commits to providing a predetermined amount of a...

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Floor Broker

A vital figure in the exchange world, a Floor Broker plays a crucial role in executing orders for Clearing Members and their clients. This professional is compensated for th...

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Fill-or-Kill

A common type of order in finance is the price limit order, which requires immediate fulfillment or it will be cancelled. This allows customers to set a specific price at wh...

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