Term
Quota
Acronym
Also called
See also
Definition
Quota is a right which allows people to own a share of the 100 million shares available for a particular species in a defined area. Quota can be bought or sold. Ownership of quota generates an annual catch entitlement to catch that fishstock. Within the commercial catch limit, access is determined by ownership of ACE and the possession of a fishing permit. This term is defined in the Fisheries Act.
