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cumulative multistage cascade system (H2)<br />A sales tax on the gross va l ue of a commodity at each stage of production. It does not allow a rebate of taxes paid at earlier stages of production. This tax was in force in West Germany until the end of 1967, in Luxemburg until the end of 1969 and in the Netherlands until the end of 1968.
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<strong>Accrued interest</strong> – Each day interest is calculated on the unpaid principal balance of a loan and increases (accrues). Interest accrues on a subsidized Stafford Loan after the grace period is completed and the borrower enters repayment. For unsubsidized Stafford, parent PLUS, and Grad PLUS Loans, on the other hand, interest begins to accrue after the first disbursement of the loan.
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