On a FHLMC GMC issue, a principal amount guaranteed and paid to bondholders in excess of actual principal collections on the underlying mortgages. All deficiency payments on a given issue must be repaid to FHLMC bondholders may receive any payments of principal in excess of the guaranteed amounts.
A direct government payment made to farmers who participated in annual commodity programs for the following commodity programs: wheat, feed grains, rice, or cotton. The payment rate is per bushel, pound or hundredweight. The crop-specific deficiency payment rate is based on the difference between the target price and the higher of the loan rate or the national average market price during a specified time. The total payment is equal to the payment rate, multiplied by a farm's eligible payment acreage and the program payment yield established for the particular farm.