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<strong>Add Loan</strong> – Application processing feature within MODEL Direct. The Add Loan process provides a realtime guarantee for loan applications.
Smoot-Hawley Tariff Act 1930 (F1)<br />The major US federal statute to establish PROTECTIONISM in the twentieth century. It included TARIFF schedules for over 20,000 products, proposing increases in many cases. It led to BEGGAR-MY-NEIGHBOUR policies which some economists claim was a major cause of the world-wide depression in the 1930s.<br /><em>See also:</em> Reciprocal Trade Agreements Act
<strong>CommonLine loan sequence number</strong> – A 2-digit number typically assigned by the guarantor at the time of guarantee. This number is attached to the end of the CommonLine unique identifier.
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<strong>Trailer record</strong> – The ending portion of a CommonLine file. The trailer record contains a summary of the preceding records, including totals, and is used to verify transmissions. In CommonLine file specifications, the trailer record is documented as @T.
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