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<strong>ACE</strong> – American Council on Education.
Engel's law (E2)<br />The assertion that, as income rises, the proportion spent on food falls. Formally, this can be stated as the INCOME ELASTICITY oF DEMAND for food is less than unity.
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<strong>Assignment of a loan</strong> – Any change in the ownership of a loan.
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<strong>Multiple changes</strong> – Feature within MODEL Direct allowing a single change to be applied to multiple borrowers/loans at one time. Change types supported include multiple hold/release and multiple cancellations.
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