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<strong>E-sign</strong> – Process of electronically “signing” a FFEL Program loan application, FAFSA, or other student aid document by providing information in an electronic format such as within a web loan delivery product (e.g., the MDHE-ASA product, MODEL Direct).
merger arbitrage (G3)<br />Tactical use of the accumulated stocks of companies in takeovers, often practised by US investment banks. Arbitrageurs can determine the outcome of takeover bids, and often precipitate them.<br /> See also: greenmail
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<strong>FRB</strong> – Federal Reserve Bank, one of 12 banks established by The Federal Reserve Act for holding government reserve funds. The banking industry uses the Federal Reserve system for transferring funds electronically via an overnight process. (See also ACH.)
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