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Old 08-03-2011, 02:02 PM   #1
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commercial bank (G2)<br />A bank providing a wide range of banking services, including receiving deposits from the public and the making of loans. As a consequence of more competition in the financial sector, these banks have diversified into insurance, mortgage finance and a wide range of business finance, previously the concern of investment/merchant banks alone.<br /> See also: clearing bank; retail bank; wholesale bank <br /><em>Reference</em><br />Ballarin, E. (1987) Commercial Banks amid the Financial Revolution: Developing a Competitive Strategy, London: Harper & Row; Cambridge, MA: Ballinger.

<strong>Cohort Default Rate (CDR)</strong> – As defined within 34 CFR 668.181</strong> – 668.198 (subpart M), the percentage of Stafford Loan borrowers who default before the end of the fiscal year following the fiscal year in which they entered repayment on their loans. The U.S. Department of Education calculates this rate annually for each school participating in the federal student loan programs. The most recent period for which final CDRs have been published is 2004. Schools may also obtain their draft CDR for 2005.

disincentive effect (H2, H3)<br />The discouraging effect of a tax on the supply of effort or the number of persons available for work. The best example is an income tax with a high marginal rate. This can result in a BACKWARD-BENDING LABOUR SUPPLY CURVE.<br /><em>See also:</em> incentive effect

broker loan rate (G1)<br />US money market rate, usually 1-1Vz per cent below the US prime rate, charged on the debit balances of margin traders; often
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