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Old 08-03-2011, 10:59 PM   #1
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Default Hot credit issues in Darwen

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<strong>ACT</strong> – American College Testing, a college assessment test administered by ACT, Inc.
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<strong>Financial Aid Director (FAD)</strong> – A staff member at an eligible school who heads the financial aid office.
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<strong>Treasury Offset</strong> – The withholding of a borrower' s federal Treasury payments, such as federal tax refunds, veteran' s benefits, and social security benefits, to repay a defaulted student loan.

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Old 08-05-2011, 05:12 AM   #2
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budget constraint (DO)<br />A line showing the maximum amount of goods, in different combinations, which a consumer can obtain from his or her income. It is drawn in combination with INDIFFERENCE CURVES to indicate the maximum utility which can be obtained from a particular level of real income. In the figure, if AB is the budget line and I1, I 2 and I3 are indifference curves, then M is the combination of quantities of goods X and Y at which this consumer maximizes utility. The slope of this budget line shows the relative prices of the two goods; a shift of the line away from the origin indicates an increase in real income.

intermediate target (E6)<br />A guide to the policy strategy needed to reach an ultimate policy goal, e.g. a rate of growth of the money supply designed to achieve inflationless economic growth.

<strong>SAL</strong> – School as Lender. A school, other than a correspondence school, that has been approved to act as a lender under the FFEL Program for its graduate and professional students. (Note: to participate as an SAL, the school had to be participating as of April 1, 2006. No new schools are being approved to act as their own lender.)

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Old 08-05-2011, 06:06 PM   #3
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marginal propensity to save (E2)<br />The change in saving resulting from income increasing by one unit. In a simple economy described by the equation national income = consumption + saving, the MARGrNAL PROPENSITY TO CONSUME plus the marginal propensity to save is equal to unity. An economy with a high marginal propensity to save will have little scope for MULTIPLIER expansion of its national income as saving is a withdrawal from the CIRCULAR FLOW of income.
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regional banking pacts (G2)<br />US banking agreements used to overcome the restrictive banking legislation that banned interstate commercial banking to create, in effect, interstate banks. The first pacts were between neighbouring states, e.g. in New England, excluding MONEY CENTRE BANKS.
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Old 08-07-2011, 06:40 AM   #4
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Lindahl equilibrium (H4)<br />A set of 'Lindahl prices' such that at those prices everyone demands the same level of each PUBLIC GOOD. These prices are individuals' shares of the tax burden. This equilibrium is the equivalent of a competitive equilibrium for an economy with public goods. When in equilibrium, the tax rate for an individual will equal his or her marginal utility from that public good. All markets for private goods are perfectly competitive and the government provides public goods. PARETO OPTIMALITY is achieved by an appropriate redistribution of income.<br /><em>Reference</em><br />Milleron, J.C. (1972) 'Theory of value with public goods: a survey article', Journal of Economic Theory 5: 419-77.
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<strong>ELM-NDN</strong> – ELM' s National Disbursing Network (NDN), which provides consolidated disbursement services to schools.
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<strong>Office of Postsecondary Education (OPE)</strong> – A division of the U.S. Department of Education that directs, coordinates, and recommends policies for programs that are designed to provide financial assistance to eligible students. May be found on the world wide web at http://www.ed.gov/about/offices/list...ex.html?src=oc.

core inflation rate (E3)<br />The underlying trend in INFLATION which depends solely on past labour and capital costs and firms' EXPECfATIONS of changes in these costs. This rate changes only if expectations based on extrapolating from past costs change. To bring the core inflation rate of a major economy, such as the USA's, down to zero could require a steady fall in national output for several years. This rate is usually estimated by excluding volatile food and energy prices from the CONSUMER PRICE INDEX.<br /><em>See also:</em> headline rate <br /><em>Reference</em><br />Eckstein, 0. (1981) Core Inflation, Englewood Cliffs, NJ, and London: Prentice HalL
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Old 08-07-2011, 09:19 AM   #5
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<strong>HTML</strong> – HyperText Markup Language, the authoring language used in the creation of websites and documents for the World Wide Web. Reports available within MODEL Direct may be exported in an HTML format, allowing the information to be viewable on the screen or printed from the web browser.
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<strong>Suspension</strong> – Suspension of the eligibility of a school, lender, or servicer to participate in a guarantor' s programs for a specified period of time until specified requirements are met.

<strong>MOBIUS</strong> – Missouri Bibliographic Information User system, a consortium of academic libraries. May be found on the world wide web at http://mobius.missouri.edu/.
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by demand and supply, not being decided by the fund managers who would base the price on net assessment value. These funds can be illiquid if few potential buyers exist and their prices can be more volatile than mutual funds.
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Old 08-07-2011, 04:28 PM   #6
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<strong>Cure</strong> – Reinstatement of a loan' s guarantee upon completion of a prescribed series of loan collection activities. Also defined as the process by which the loan' s guarantee is reinstated.
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black knight (G3)<br />A company which makes a hostile takeover bid for another firm.

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Old 08-07-2011, 06:40 PM   #7
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authoritative contracting (12, J3) see employment contract autocorrelation (C1)<br />The state of an econometric relation such that some or all of the explanatory variables are highly correlated with each other. Poor specification of the relationship between variables in the regression equation is often the cause.

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Old 08-02-2011, 05:29 AM   #8
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capital-labour ratio (D2)<br />The amount of physical capital employed by each worker usually measured by dividing the value of the capital stock by the size of the labour force. These ratios are central to theories of growth and of coMPARATIVE ADVANTAGE.<br /><em>See also:</em> capital deepening; capital intensive; capital widening
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<strong>PPA</strong> – Program Participation Agreement with the U.S. Department of Education that permits a school to participate in the Title IV federal student financial aid programs.
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<strong>Budget</strong> – Synonymous with Cost of Attendance (COA). In financial aid terms, a budget is an estimate of a student' s total education-related expenses for an enrollment period. The budget generally includes tuition, fees, room, board, books, supplies, and personal expenses. For the Charles Gallagher program, the standard budget for each institution consists of the institution' s prior year tuition and fees, room and board, and book costs reported through IPEDS, as well as standard budget figures determined by the MDHE using the Consumer Price Index (CPI). For the College Guarantee program, the budget is the lesser of the institution' s Gallagher budget or the average cost of attendance at the University of Missouri-Columbia.
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Old 08-03-2011, 02:51 AM   #9
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credit scoring (G2)<br />Assessments of applicants for credit using a points system. A score is awarded for each of the applicant's characteristics, e.g. home ownership, employment and payment record for previous credit. Credit is granted if the total score is above the acceptance level.

yuppie, yuppy (Jl)<br />A young urban professional. Most of these aggressive young graduates are employed in financial centres such as New York and London. These health-conscious workaholics firmly believe in free market economics. Their high salaries have made it possible for them to contribute to the GENTRIFICATION of inner city areas.
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NOW account (G2)<br />Negotiable order of withdrawal account; a CHECKING ACCOUNT (US) which bears interest. Super-NOW accounts offer a higher rate of interest.
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Old 08-03-2011, 05:14 AM   #10
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Group of Seventy-seven (F1)<br />The group of LESS DEVELOPED COUNTRIES at the United Nations: all of these countries attended the first meeting of the UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT in 1964.
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<strong>Title IV</strong> – The section of the Higher Education Act of 1965, as amended, that authorizes federal student loan, work, and grant programs.
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domestic absorption (E2)<br />A nation's total use of its own output of goods and services in consumption and investment.<br /><em>See also:</em> absorption approach
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loss function (C1)<br />This shows the deviation of a data point from a least squares fitted line through a scatter of points measured on the vertical axis as a function of the deviation measured on the horizontal axis. This has been applied to msunLITY to indicate what has to be minimized.<br /><em>See also:</em> least squares method
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