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forward market (G1)<br />A market in currencies, commodities or securities which fixes prices for future delivery. The forward rates determined are linked to SPOT RATES by SPECULATION and HEDGING.
<strong>OFee</strong> – Origination Fee, a fee charged to offset the federal government' s cost of interest subsidies (for subsidized Federal Stafford Loans) and reinsurance payments for loans that either default or are eligible for forgiveness or discharge. This fee, if charged to the borrower, may be subtracted from the borrower' s loan proceeds at the time of disbursement.
corporate veil (L2)<br />The disguises of firms to prevent government and shareholders knowing all of their activities, including the extent of their income. Shareholders' ignorance of a company's actual behaviour leads them to underestimate the true value of a company, e.g. they ignore the effect of current corporate saving on prospective PRICE EARNINGS RATIOS and hence the stock market valuation of the company. Governments collect less in corporate taxation because of their ignorance of firms' total earnings.
job search (J6)<br />All the activities by employers and workers to fill vacant jobs. Advertisements, informal recommendations, head-hunting by specialized personnel agencies and publicly financed employment agencies are the principal channels used.<br /><em>See also:</em> search cost; search unemployment
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