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deep discount bond (G1)<br />A bond paying little or no interest which is sold below its redemption value. Investors make a capital gain by holding it to the date of redemption and, in many cases, reduce their total tax burden as income taxation is often more punitive than capital gains taxation.
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<strong>DHE</strong> – Department of Higher Education, the Missouri state agency overseeing the state' s higher education systems and related policies and administering student aid programs, including the FFEL Program and state aid programs such as the Bright Flight Scholarship. Also known as the MDHE. The agency' s website may be found at
www.dhe.mo.gov.
<strong>Template</strong> – Feature within MODEL Direct allowing a school to establish common values, such as loan period dates, that can be applied to multiple loans being certified.
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