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<strong>Secondary market</strong> – An entity that purchases education loans from eligible lenders. The secondary market obtains funds from investors or public bonds and uses those funds to purchase existing education loans from lenders.
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marketable discharge permit (QO)<br />A permit to discharge air and water pollutants up to a standard level of environmental quality which can be sold to another firm. This is a modified pollution offset system.<br /><em>Reference</em><br />Krupnick, A., Oates, Wand Van De Verg, E. (1983) 'On marketable air pollution permits: the case for a system of pollution offsets', Journal of Environmental Economics and Management 10: 233-47. McGartland, A.M. and Oates, WX. (1985) 'Marketable permits for the prevention of environmental deterioration', Journal of Environmental Economics and Management 12: 207-28.
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