Business / Agriculture / Group Risk Protection (GRP): A form of crop insurance available in certain parts of the country that makes an indemnity payment to all participating crop farmers in a particular area when the entire county?€™s crop production is a certain percentage below the normal production level of the county. This differs from the basic crop insurance program that makes payments to participating farmers when the individual farmer?€™s own crop yield is less than the producer?€™s normal yield.
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Group Adjective Synonyms: assembly, assemblage, gathering, congregation, company, number, alliance, union, association, organization, league, society, coterie, clique, set, band, circle, club, party, body, faction, crowd, team, corps, guild, troupe, unit, troop, platoon, squad
Group Noun Synonyms: batch, aggregation, set, grouping, collection, assemblage, bunch, accumulation, conglomeration, agglomeration, assortment, series, pile, heap, bundle
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Protection Adjective Synonyms: defense, screen, shield, barrier, guard, safeguard, immunity, bulwark, buffer, shelter, refuge, haven, sanctuary, security, safe keeping, safety, preservation
Protection Verb Synonyms: extortion, blackmail, protection money
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Risk Noun Synonyms: danger, peril, jeopardy, hazard, chance, gamble
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Business / Agriculture / Group Risk Income Protection (GRIP): A county-based revenue insurance program, that is a variation of Group Risk Protection (GRP). GRIP pays a participating producer when the county revenue per acre for an insured crop falls below a trig MORE
Business / Finance / Protectionism: Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers. MORE
Business / Finance / Product Risk: A type of mortgage pipeline risk that occurs when a lender has an unusual loan in production or inventory but does not have a sale commitment at a prearranged price. MORE