What is the definition of Absolute quota? | Dictionary.net

ABSOLUTE QUOTA

\ˈabsəlˌuːt kwˈə͡ʊtə], \ˈabsəlˌuːt kwˈə‍ʊtə], \ˈa_b_s_ə_l_ˌuː_t k_w_ˈəʊ_t_ə]\

Definitions of ABSOLUTE QUOTA

1910 - Black's Law Dictionary (2nd edition)

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A specific amount of inventory allowed into a country. This limits the amount of foreign goods allowed in a country at any one time. It also called a tariff rate quota.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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