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Old 08-07-2011, 06:37 PM   #553
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<strong>Full Time (FT)</strong> – An enrollment status indicating the student is carrying a full academic workload as determined by the school.
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<strong>Forgiveness</strong> – The release of a borrower or any comaker from all or a portion of his or her loan obligation due to qualifying child care service or qualifying teaching service.
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debt (GO, M2)<br />The liabilities of a firm, a government or a household. A company's debt often takes the form of fixed interest DEBENTURES, cumulative non-voting preference shares and short-term bank loans. A government has BILLS as short-term debt and long-term debt issued as BONDS. A household's debts include bank loans and liabilities incurred to purchase property and consumer durables.

shadow price (DO)<br />An imputed price used where a market price does not exist. These prices are used by large firms for their internal transactions, by central planners for accounting purposes and in COST BENEFIT ANALYSIS to measure the effects of a particular investment. There are shadow rates of interest, shadow exchange rates and shadow wage rates. The purpose of such pricing is to correct distortions introduced by monopoly, taxes and unemployment. The concept has many applications in both developed and less developed countries (because they tend to overvalue their labour and undervalue their foreign exchange).<br /><em>Reference</em><br />Little, !.M.D. and Scott, M.P.G. (eds) (1976) Using Shadow Prices, London: Heinemann Educational.

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