Basic loan rate

Basic loan rate means the loan rate established by CCC for a commodity before any adjustment for premiums and discounts.

Source

7 CFR § 1421.3

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Scoping language

The definitions in this section apply for all purposes of program administration. Terms defined in part 718 of this title and parts 1412 and 1425 of this chapter also apply, except where they conflict with the definitions in this section.

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