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Acceptable Biological Catch (ABC): Maximum amount of fish stock than can be harvested without adversely affecting recruitment of other components of the stock. The ABC level is typically higher than the total allowable catch, leaving a buffer between the two.
Total allowable catch [TAC] Control measure that limits the overall level of catch, agreed to by fishery managers for a fish stock. TAC is usually set to achieve certain objectives (such as maintaining the stock at the target reference point, or for rebuilding the stock or avoiding overfishing).
An annual catch limit (ACL) is a level of catch intended to ensure overfishing does not occur. ACLs are set less than or equal to the overfishing limit (OFL) and acceptable biological catch (ABC).
NOAA has regulatory and stewardship authority for fisheries, marine sanctuaries, marine mammals, threatened and endangered species, and habitat conservation. We are engaged in a range of regulatory activities to protect and restore these important resources on a global scale.
Its basically to spread out the trophy fish among lots of people. And some places only allow retention of hatchery fish to keep the diverse genetics of wild fish in the population. So there are slot limits in certain places. And there are other methods to protect genetics that arent based on length.
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Maximum sustainable yield (MSY): The largest long-term average catch that can be taken from a stock under prevailing environmental and fishery conditions. Overfishing: A stock having a harvest rate higher than the rate that produces its MSY.

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