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What is a quota?

What is a quota? Here are some definitions.

Noun
  1. A proportional part or share; the share or proportion assigned to each in a division.
  2. A prescribed number or percentage that may serve as, for example, a maximum, a minimum, or a goal.
  3. (economics) A restriction on the import of something to a specific quantity.
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Examples
Instead of a healthy quota of 40 trees an acre, the region is crowded with as many as 568 an acre.
He said efforts were on to get 500 MW of additional power from unallocated quota with the Union Ministry of Power.
Meat was supplemented at mutton-birding time and goats were kept by some families in addition to their quota of sheep and cattle.
I have been forced to fix a personal quota of funerals if I am not to be on the move to and from burials and funeral parlours all year long.
The reform also proposes the end of this regional allowance and the prospect of quota transferability between member states.
Twenty-five percent of each country's quota is paid in the form of special drawing rights.

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