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<strong>Direct lending, or direct loan</strong> – The William D. Ford Direct Loan Program, a federal student loan program through which the U.S. Department of Education loans money directly to students and parents rather than having the loans funded by private lenders, as in the case of the FFEL Program. Direct lending is codified in federal regulations within 34 CFR 685.

<strong>Perkins Loan</strong> – The Federal Perkins Loan Program, a campus-based Title IV student loan program administered by the school.

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McFadden Branch Banking Act 1927 (G2)<br />US federal statute which helped national banks to compete with state-chartered banks by allowing them the same power to open branches as the state banks in that area. An aim of the Act was to encourage banks to stay in the FEDERAL RESERVE SYSTEM.

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<strong>Rescheduling a disbursement</strong> – A pre-disbursement change transaction updating the date loan funds should be issued to the school or escrow agent. Within CommonLine 4 files, this transaction is referred to as a disbursement date change and is located within the @1-09 record.
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labour supply (J2)<br />The supply of persons, hours or effort for the production of goods and services. The labour supply includes both those employed and those not employed but desirous of being so. More persons are supplied through increases in the population (NATURAL INCREASE or by IMMIGRATION) and through increases in LABOUR FORCE PARTICIPATION RATEs; more hours are typically supplied through overtime working; more effort is encouraged by productivity-based bonus schemes.<br /><em>See also:</em> labour force
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cab rank rule (J4)<br />The customary regulation that UK barristers must accept a brief appropriately priced if it is within their competence.<br /> cadastral survey (H2)<br />A survey of the ownership, extent and value of land usually undertaken for taxation purposes.

economic development (01) see development

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bid rent (Q2)<br />The amount of money a household will offer a landowner for space to provide a particular level of UTILITY.<br /><em>Reference</em><br />Wheaton, W (1977) 'A bid rent approach to housing demand', Journal of Urban Economics 4: 200-17.
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optimum quantity of money (E4)<br />The quantity of money associated with a nominal rate of interest of zero and maximum consumer welfare. This can only be adopted as a policy if there is a model of how money is used in a national economy.<br /> <br /><em>Reference</em><br />Bewley, T. (1983) 'A difficulty with the optimum quantity of money', Econometrica 51: 1485-1504.<br /> Friedman, M. (1969) The Optimum Quantity of Money and Other Essays, Chicago: Aldine.

<strong>Reinstatement (of borrower Title IV eligibility)</strong> – A process by which a borrower with a defaulted FFEL Program loan may regain eligibility for Title IV aid by adhering to strict repayment requirements.

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& L (E4)<br />A measure of the US money supply consisting of M3 + non-bank public holdings of US savings bonds + short-term treasury securities + commercial paper + bankers' acceptances (net of money mutual market fund holdings of these assets).
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Donovan Commission (UK) (J5)<br />The Royal Commission on Trade Unions and Employers' Associations of 1965 - 68 chaired by Lord Donovan. It concluded that the UK had two systems of industrial relations: a formal system with industrywide collective agreements on pay, hours of work and other employment conditions; and an informal system at the factory level setting earnings supplements to national wage rates and causing WAGE DRIFT and unofficial strikes to enforce workers' demands. This dual system was partly the consequence of FULL EMPLOYMENT in the UK in the 1950s and 1960s. To remedy these faults in the INDUSTRIAL RELATIONS system, the Donovan Commission recommended the limitation of industry-wide agreements to matters which could be regulated effectively at the industry level and the introduction of factory agreements to replace informal understandings.<br /><em>See also:</em> shop steward <br /><em>Reference</em><br />Royal Commission on Trade Unions and
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<strong>State Student Financial Aid Committee</strong> – A committee of Missouri financial aid administrators established in February of 2005 to make recommendations to improve and strengthen the Missouri student financial assistance programs. (Formerly known as “the state aid program task force.” )

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administered pricing (D4, M2)<br />The practice of setting prices according to a formula, irrespective of the short-run forces of demand and supply. This is possible because of the market power of monopolistic and oligopolistic firms. As it is expensive to change prices (e.g. new catalogues have to be printed) and as there is always the possibility of adverse consumer reaction, there is a tendency for prices to be more rigid when administered. As part of an anti-inflation programme, especially in wartime, governments will administer major prices, the prices of goods and services prominent in most consumers' budgets; in these circumstances the rules for increasing prices are strictly laid down. Most administered prices are calculated by adding a profit margin to AVERAGE COST.<br /><em>See also:</em> mark-up pricing <br /><em>Reference</em><br />Means, G.C. (1935) 'Industrial prices and their relative inflexibility', Senate Document No. 13, Washington, DC: US Government Printing Office.

classical classical fallacy (J3)<br />The view that CIRCULATING CAPITAL by creating a wage fund improves wages and increases the demand for labour but FIXED CAPITAL does not. SAM U ELSON asserted that this view makes the mistake of identifying the wage fund with the whole of circulating capital and ignores the contribution of fixed capital to the growth of REAL WAGES.<br /><em>Reference</em><br />Samuelson, PA. (1994) 'The Classical Classical Fallacy', Journal of Economic Literature, 32: 620-39.
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<strong>Application Send File</strong> – The CommonLine file type used to send application information to guarantors and/or other entities so that FFEL Program loans may be guaranteed and disbursed.

<strong>Award</strong> – Schools award, or “package,” student aid for each year for students. Once the aid is awarded, schools send award letters to students indicating the type(s) and amount(s) of financial aid awarded for the year. (Under 34 CFR 668.16(h), the school is required to provide information about the sources and amounts of aid offered.) The financial aid award may also be referred to as the “financial aid package.”
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<strong>Claim</strong> – The process by which the lender or holder requests reimbursement from the guarantor for a FFEL Program loan due to the borrower' s default, loss of eligibility, or qualification for forgiveness or discharge.
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<strong>FAT</strong> – Financial Aid Transcript, an official record of federal financial aid a student has received at schools the student previously attended.
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currency swap (F3)<br />A capital market exchange of a loan in one currency for a loan in another, e.g. a fixed interest dollar loan for a floating interest loan in Swiss francs.

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<strong>CSR</strong> – Code of State Regulations. The regulations from the state of Missouri related to the Missouri Department of Higher Education and its administrative functions and authority are codified in Title 6, Division 10, Chapter 2. This is abbreviated as “6 CSR 10-2.” The Missouri CSRs may be retrieved from the secretary of state website at http://www.sos.mo.gov/adrules/csr/current/6csr/6csr.asp.
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incomes policy (E6)<br />A macroeconomic policy directly controlling factor incomes. Many Western countries since 1945 have used it as an alternative to FISCAL and MONETARY POLICIES with the hope that, by controlling wage fixing in the labour market, the rate of increase of product prices would be reduced. The most extreme form is a wages freeze, e.g. the UK's in 1966. Milder forms include setting a norm for wage increases in line with the rise in PRODUCTIVITY, allowing for exceptional increases (e.g. to help low-paid workers, to alleviate a labour shortage or to preserve comparable pay for different occupational groups), or an

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<strong>Institutional aid</strong> – Financial aid programs created, funded, and administered by any given postsecondary institution.

income elasticity of demand (DO)<br />The ratio of the percentage increase in demand for a good or service to a percentage increase in income. Thus, if an increase in income of 4 per cent is associated with an increase in demand for food of 2 per cent, the income elasticity will be 0.5. Income elasticities for foodstuffs and agricultural raw materials are often less than one, with the consequence that the Income divergence in economic prosperity between primary producing countries and industrialized countries increases in periods of world economic growth. Income elasticities are positive for NORMAL GooDs and negative for INFERIOR GOODS. In the figure, A is a luxury good as more of it is demanded at higher incomes, B is a normal good and C is an inferior good as less of it is demanded at higher incomes.<br /><em>See also:</em> Engel's law; price elasticity of demand
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labour market intermittency (J2) Interrupting a career before retirement as happens with many female workers who take time off to rear children.

income multiple (G2)<br />The amount of a loan divided by the borrower's annual income. In times of inflation multiples rise helping to sustain rising property prices. UK house loans as a multiple of incomes were on average 1.67 in 1980 and rose to 6.0 in 2000.

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<strong>Repayment start date</strong> – the date the repayment period begins. For Stafford Loans, the repayment period begins on the day following the last day of the grace period. For PLUS Loans, repayment begins on the date the loan is fully disbursed. (PLUS Loans are, however, eligible for an in-school deferment when the borrower is enrolled at least half time.)

<strong>CAM</strong> – Common Account Maintenance, the FFEL Program industry' s electronic data standard used by lenders, servicers, and guarantors. Created by the National Council of Higher Education Loan Programs (NCHELP), CAM specifies the type of content, record format, and file structure for sharing data on borrowers and their loans.
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<strong>IRS offset</strong> – The withholding of a borrower' s federal Treasury payments, such as federal tax refunds. Also known as “Treasury offset.”

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financial leverage ratio (G2, G3)<br />Total debt as a proportion of total assets; also known as gearing. This is an indication

chaebol (LO, M1)<br />Korean group of giant companies controlled by a family-owned holding company.<br /> See also: zaibatsu

<strong>Reaffirmation</strong> – A borrower' s acknowledgment of a loan repayment obligation, including all principal, interest, and other costs, in a legally binding manner.

Japanese auction (DO)<br />An ENGLISH AUCf iON that does not accept any new bidders after the bidding starts. The bidders must indicate whether they want to continue to bid, or drop out.

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<strong>PEPS</strong> – Postsecondary Education Participants System, a database of postsecondary institutions that participate in any program administered by the U.S. Department of Education.

charge card (G2)<br />A plastic card issued by a financial institution, such as a bank or a retailer, which allows the holder to charge the sum due for the purchase of goods or services to an account. This reduces the need to hold cash for transactions purposes and provides the holder with credit until the account is payable. Major examples of such cards include those issued by American Express and the Diners' Club.<br /><em>See also:</em> credit card; debit card

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<strong>Custom Reports</strong> – A reporting feature within MODEL Direct allowing reports to be created on demand with customized filter criteria and with real-time data.
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household decision making (D1)<br />Choices reflecting individual tastes and influenced by taxation which determine behaviour in product and factor markets. The major decisions made are the choices between work and leisure, and between saving and spending, as well as about gifts and the composition of assets. Such analysis is crucial to an understanding of LABOUR FORCE PARTICIPATION and the CONSUMPTION FUNCflON, as well as being the basis of much of neoclassical theorizing.<br /><em>See also:</em> labour force participation rate; neoclassical economics
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Council for Mutual Economic Aid (FO) The intergovernmental council 'Comecon' of the USSR, Bulgaria, Czechoslovakia, Hungary, Poland and Romania established in 1949, which promoted mutual international trade and the co-ordination of national economic plans. (Albania joined in 1949, East Germany in 1950, Mongolia in 1962 and Vietnam in 1978; Romania weakened its ties in 1973 by making separate agreements with the European Community; Yugoslavia became an associate member in 1964; China and North Korea enjoyed observer status from 1964.) It was established by Stalin to provide a socialist 'market' to oppose the world-wide capitalist market - hence Comecon was called 'the Russian MARSHALL PLAN'. To Comecon were added the INTERNATIONAL BANK FOR ECONOMIC CO-OPERATION and the INTERNATIONAL INVESTMENT BAN K as alternatives to the INTERNATIONAL MONETARY FUND. Initially, Comecon agreed on general goals for trade and technical assistance which led to the joint organization of scientific research, technical assistance in the building of industrial plants and the development of mineral resources. In 1954, a step was made towards economic integration by the co-ordination of five-year plans and in 1955 production priorities for member states were established. Multilateral trade agreements were recommended, as was the co-ordination of energy policies. Although in 1961 'Basic Principles' for the long-term plans of member countries were drawn up, Soviet proposals the following year for a single plan and a single planning authority were rejected as being an encroachment on national sovereignty. The International Bank for Economic Co-operation was chartered in 1963 to arrange multilateral
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<strong>FAO</strong> – Financial Aid Officer, a staff member at an eligible school who administers financial aid programs.
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exhortation to pay smaller increases (MORAL SUASION).<br /> Many countries, including the UK and the USA, have only used incomes policies intermittently, but the Netherlands is exceptional in achieving the implementation of a long-term policy from 1948 to the 1960s. Some incomes policies have included restrictions on increases in company dividends in order to restrain all types of personal incomes: however, this approach has produced distortions in capital markets.<br /> There were many US experiments in incomes policies in the period 1962-71, some of them inspiring the shape of UK incomes policies. In January 1962 the US COUNCIL OF ECONOMIC ADVISERS published Guideposts for Non-inflationary Wage and Price Behavior in which the trend in productivity was used as the general guidepost for non-inflationary wage settlements. Specific guideposts were abandoned in 1967 but in 1970 a National Commission on Productivity was set up; inflation alerts were published when there were significant wage and price increases. in 1971 there was a ninety-day wage-price freeze: its sequel was the setting up of a tripartite Pay Board and a Price Commission. The effectiveness of this policy has long been debated: it is difficult to establish that the guideposts reduced wage inflation.<br /> The UK had statutory incomes policies for the periods 1966 - -70 and 1972-74, compulsory policies 1975-7 and voluntary policies 1948-50, 1961-2 and 1977-9. There was a tendency to impose an incomes policy in a crisis in the most severe form - a wage freeze for up to one year - and then to relax the policy by permitting exceptions to the principle that wage increases should be in line with general productivity increases. An innovation of the 1970s was to choose as a wage norm a flat rate cash increase; this helped the lower paid but reduced wage differentials, opening the door to a flood of subsequent wage claims. Some observers of incomes policies are more sympathetic towards them. Rosrow, for example, has noted that in 1984 Japan, West Germany and Switzerland were able by means of incomes policies to have lower prime interest rates, lower unemployment, lower inflation and large balance of payments surpluses. In sum, to be successful an incomes policy should provide more helpful economic and financial information and education in its use to wage bargainers, as well as an element of real wage increases.<br /><em>See also:</em> collective bargaining <br /><em>Reference</em><br />Claudon, M.P and Cornwall, R.R. An Incomes Policy for the United States: New Approaches, Boston: Nijhoff.<br /> Holden, K., Peel, D.A. and Tompson, L.L. (1987) The Economics of Wage Control, Basingstoke: Macmillan.<br /> Urquidi, VL. (ed.) (1989) Incomes Policies, Basingstoke: Macmillan.

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<strong>MSEP</strong> – Midwest Student Exchange Program, which ensures reduced tuition rates to Missouri residents who enroll in designated academic programs at participating schools in Kansas, Michigan, Minnesota, Nebraska, North Dakota, and Wisconsin. For more information, see http://www.mhec.org/.

<strong>DFee</strong> – Default Fee, a fee required by the Deficit Reduction Act of 2005. All Stafford and PLUS Loans guaranteed on or after July 1, 2006 must be assessed a one percent fee. The fee either must be deducted from the borrower' s loan proceeds at the time of disbursement or paid by a third party from other non-federal sources (such as a lender or servicer). This fee is also referred to as FDF.
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<strong>Excel</strong> – A Microsoft spreadsheet software package. Reports available within MODEL Direct may be exported in a Microsoft Excel format.
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<strong>Promissory note</strong> – A legally binding agreement the borrower signs, or e-signs, to obtain a loan under the FFEL Program. The current promissory note format in place is referred to as an MPN, which allows the borrower to obtain multiple loans for multiple years of school using the same promissory note.
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<strong>Late Stage Delinquency Assistance (LSDA)</strong> – Refers to procedures followed by Student Loan Counseling Services (SLCS) when a loan is 241 days delinquent or more. The MDHE contracts with SLCS for default aversion assistance services.

<strong>Financial literacy</strong> – The ability to read, analyze, manage, and communicate about the personal financial conditions affecting material well-being. This term is used to describe financial education programs on college campuses and within high schools. The objective of financial literacy programs is to help students better manage their finances, budget effectively, and borrow wisely.

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<strong>NDSL</strong> – National Direct Student Loan, renamed the Federal Perkins Loan Program in 1992. (Note: this is NOT the same program as the William D. Ford Direct Loan Program, or FDLP.)
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<strong>PWD</strong> – Post-Withdrawal Disbursement, a disbursement made when the calculation for the school' s return to Title IV funds (R2T4) result in the student being eligible to receive more Title IV aid than was disbursed or delivered prior to his or her withdrawal.
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<strong>MOREnet</strong> – Missouri Research and Education Network. Provides networking capabilities and internet access for colleges and universities, elementary and secondary schools, state agencies, libraries, and community networks.

zero-sum game (C7)<br />Economic activities in which gains to the winners equal losses to the losers. There are many examples of these games, e.g. the attempt of all major trading countries to have export surpluses.

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<strong>Holder</strong> – An eligible lender that owns a FFEL Program loan.
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exchange rate regime (F3)<br />The system chosen by national governments for the mutual determination of their exchange rates. The main choice is concerned with the extent to which there are fixed parities between different currencies, e.g. under the BRETTON wooos system and under the EUROPEAN MONETARY SYSTEM or FLOAT!NG EXCHANGE RATES.

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совершaвшихся ночью в глубине священных лесов, жрецы и поклонники его
тaнцуют, бесстыдно поднимaя свои плaтья кверху". В хрaме богини Изис
St.-Lazare, которaя внушaет им отврaщение. Для них зaключение в ней -- это










2
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08-05-2011 08:04 PM

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current ratio (M2)<br />The ratio of CURRENT ASSETS to CURRENT LIABILITIES of a firm. Also known as a working capital ratio or 2:1 ratio following the rule of thumb that assets should be twice liabilities, unless the seasonal or speculative nature of the firm requires more working capitaL This is the principal measure of the LIQUIDITY of a firm.

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<strong>Due diligence</strong> – The collection procedures required to attempt to satisfactorily resolve a delinquency and prevent a default in accordance with federal regulations.

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economic agent (DO, MO)<br />A person or firm with the power to make decisions about output, investment, prices, etc.

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08-05-2011 08:55 PM

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adjustment speed (DO)<br />The time it takes a price to adjust to EXCESS DEMAND or EXCESS SUPPLY in a particular market. This is crucial to the study of money wage rates, product prices, interest rates and nominal exchange rates.

automatic stabilizer (E3, H3)<br />A built-in feature of tax structures and public expenditure programmes. It reduces fluctuations in an economy, making it respond more easily to shocks. Prominent examples of stabilizers include PROGRESSIVE TAXES (which prevent post-tax income rising at the same rate as pre-tax income) and unemployment insurance (which prevents personal income from falling below a predefined 'floor'). The GOLD STANDARD was a major type of automatic stabilizer. All these stabilizers have the characteristic of preventing the rise or fall of national income, and consequently employment, being as great as it would be in the absence of a government with an ACTIVE FISCAL POLICY. It is the experience of most countries that as these financed by borrowing and the liquidation of assets.

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with a lack of opportunity for, or restricted access to, paid employment.<br /><em>See also:</em> labour force
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08-05-2011 09:03 PM

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Joga reprezentuje bardzo wiele form, ktore okreslaja wieloscia cwiczen, pozycji i dogmatownastawienia. Hotele warszawa to powierzchnie, gdzie spokojnie i nie za wielkie pieniadze mozemy zatrzymac sie, gdy jestesmy w interesach, albo krajoznawczo w stolicy. Stomatolog warszawa pozwoli na rzeczywiscie szybkie i bezbolesne wyleczenie wiekszosci pospolitych chorob zebow. Laserowe leczenie zebow jest teraz bardzo dostepne tez w polskich przychodniach stomatologicznych. Marketow sprzedajacych meble meble pokojowe jest mnostwo. Sa to sklepy tradycyjne i hurtownie , ktore prowadza jedynie sprzedaz internetowa. Malo kogo stac na to, aby na rozne pory roku zakadac nowe kola w samochodzie. Na szczescie nie jest to przymusowe i istnieje duzo sposobow by jezdzic bezpiecznie posiadajac opony. Stolica, jako punkt, gdzie uksztaltowal sie polski show biznes, gdzie zyja ludzie, ktorzy pelniac role publiczne musza nieustannie dbac o swoja prezencje ma ogromnie rozbudowana siec specjalnosci kosmetycznej. Typowy medycyna estetyczna warszawa to nie tylko podstawowe poslugi dla dam, ktore pragna zawodowego makijazu, czy tez manicure. Kazdy czlowiek bardzo lubi kiedy sie go obdarowuje. Ludzie kochaja otrzymywac rzeczy za darmo. Odruch jaki mamy nakazuje nam przyjac prezent, nawet jesli jest calkowicie nam zbedny i niepotrzebny a nawet jezeli wiemy, iz prezent jest ni mniej ni wiecej jak czyms co okreslamy mianem gadzety reklamowe. Zapewne dom na sprzedaz to nie tylko miejsce, w ktorym zdolamy bawic sie z czlonkami rodziny czy przyjaciolmi, ale takze doskonala inwestycja. W oparciu o historie cen domow innych krajow przystepujacych do Unii Europejskiej wolno rzec, ze ceny domow beda rosly z roku na rok. Juz obecnie za wlasne mieszkanie trzeba zaplacic kilkaset tysiecy zlotych, jednakze tutaj z pomoca naplywaja agencje nieruchomosciowe sprzedajace mieszkania na przystepnych warunkach, tak, by wszyscy ludzie, zakladajacy swoje rodziny zdolali nabyc tanie domy.


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