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Building Societies Act 1986 (G2, K2) UK statute which liberalized the operating rules for building societies and aligned them with other financial institutions. The societies were allowed to lend to nonmembers, hold and develop land as a commercial asset and invest in companies and other corporate bodies. Also diversification into banking, insurance, investment, trusteeship and executorship, and land management services was allowed. Liquid assets were limited to a third of a society's assets. Instead of being required to have 90 per cent of their loans secured by property, building societies were permitted to reduce that proportion to 75 per cent by 1992, enabling them to have broader investment portfolios. A new Building Societies Commission regulates the building societies.
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<strong>PLUS Loan for Graduate and Professional Students</strong> – Effective July 1, 2006, PLUS loans may be offered to graduate and professional students. According to CommonLine file specifications, the loan type to be used for Grad PLUS Loans is GB.
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non-goal equilibrium (EO)<br />An EQUILIBRIUM state that is the consequence of the interaction of economic forces, not the conscious pursuit of a particular agent. A major case is NATIONAL INCOME in a MARKET ECONOMY.<br /><em>See also:</em> goal equilibrium
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