Answer: An individual transferable quota (ITQ), which is a production limit that is assigned to an individual who is free to transfer (sell) the quota to someone else.
Step-by-step explanation:
An Individual transferable quota (ITQ) is a system put in place by the Fisheries Management Act in 1990 to regulate the amount of fishes caught by vessels and prevent overfishing.
ITQs divide Total Allowable Catch (TAC) in a country between holders of individual transferable quotas. An individual is limited to a specific amount of catch but they can also decide to sell their quota. This has created a market where ITQs are freely sold.