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Old 08-07-2011, 11:46 AM   #1
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zero-infinity dilemma (Q2)<br />A problem in environmental economics when the probability of damage is small but the impact of a pollutant is potentially large.

<strong>SLAP</strong> – St. Louis area group of financial aid professionals.
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Old 08-07-2011, 12:39 PM   #2
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mesoeconomy (PO)<br />That part of the ECONOMY run by big business. It is intermediate between households or small firms and national governments.<br /><em>Reference</em><br />Holland, S. (1987) The Market Economy from Micro to Mesoeconomics, London: Weidenfeld & Nicolson.

CPI-U (E3)<br />A Version of the US CONSUMER PRICE INDEX for all urban consumers covering about 80 per cent of the US population.
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open-ended fund (G2)<br />A UNIT TRUST or MUTUAL FUND whose size is determined by the amount of units sold and hence is 'open'.
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Old 08-07-2011, 02:28 PM   #3
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common market (FO)<br />A CUSTOMS UNION within which there is free movement of labour and capital, no tariffs between its member countries and a coM. MON EXTERNAL TARIFF to exclude other countries' produce. A common market in many respects behaves like a national ECONOMY as all firms of the same industry are in competition across national boundaries and can draw upon the same pool of labour and financial capital. The absence of tariffs within this market enables production to be allocated according to the principle of COMPARATfVE ADVANTAGE. The EUROPEAN UNION is a major modern example.<br /><em>See also:</em> single market

implementation lag (E6)<br />The time it takes to institute a discretionary change in policy. These lags are usually shorter for MONETARY POLICY than for FISCAL POLICY as in the former case a sudden announcement of a change in interest rates can be made, whereas fiscal changes often need legislation.<br /><em>See also:</em> recognition lag

<strong>Repayment period</strong> – The period during which payments of principal and interest are required. The repayment period follows any applicable in-school or grace period (for Stafford Loans) and excludes any period of authorized deferment or forbearance.

stress test (G2)<br />A test of CAPITAL ADEQUACY related to an optimal debt-equity funding mix. For a bank this shows the capacity of the bank's capital to absorb potentially large losses. As a result of the test, there is an estimate of the amount of risk-free collateral required.

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Old 08-07-2011, 05:37 PM   #4
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<strong>Freely associated states</strong> – States under U.S. jurisdiction whose residents are eligible for federal student aid. Includes the Republic of the Marshall Islands, the Federal States of Micronesia, and the Republic of Palau.

general government net worth (H6) The fixed capital stock of central or local government less its net financial liabilities. This BALANCE SHEET approach to the study of government finance has been suggested as a framework for assessing a government's ability to sustain its economic policies. It also has the useful function of making governments distinguish productive investments from debt servicing.

orderly market agreement (Fl, Ll)<br />1 A restrictive trading agreement between the firms of an industry which is experiencing a decline in the total demand for its output. In response to this decline, voluntary quotas are agreed between firms to allow a more orderly adjustment to a lower level of sales, avoiding cut-throat price competition so that each firm can at least maintain its individual sales level. But there is limited scope for introducing these agreements as, if they are made by a group of firms without the approval of government, they are likely to violate national COMPETITION POLICIES.<br /> 2 An agreement between countries to

<strong>Change Transaction Send File (CTSF)</strong> – The CommonLine file type used to send change transactions to guarantors, lenders, and/or servicers so that FFEL Program loans may be updated. CTSFs are divided into pre-disbursement transactions (@1-09) and post-disbursement change transactions (@1-10).

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Old 08-07-2011, 06:04 PM   #5
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<strong>MSLG</strong> – Missouri Student Loan Group, the division of the MDHE which administers the FFEL Program.

<strong>Code of Federal Regulations (CFR)</strong> – The regulations from the U.S. Department of Education relating to the federal student aid programs are codified in Volume 34. Part 668 governs the student assistance general provisions. Part 682 regulates the FFEL Program.

<strong>Perkins Loan</strong> – The Federal Perkins Loan Program, a campus-based Title IV student loan program administered by the school.

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Old 08-07-2011, 09:24 PM   #6
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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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Old 08-07-2011, 10:38 PM   #7
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<strong>Economic hardship</strong> – A period during which the borrower is working full time but is earning an amount that does not exceed the greater of the minimum wage or the poverty line for a family of two. Economic hardship also exists if a borrower' s monthly payments on federal student loans are equal to or greater than 20 percent of his/her monthly income.
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<strong>HT</strong> – Half Time, an enrollment status indicating the student is carrying an academic workload, as determined by the school, that is more than half time but less than full time.

<strong>Federal Perkins Loan</strong> – The Federal Perkins Loan Program, a campus-based Title IV student loan program administered by the school.

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Old 08-07-2011, 11:29 PM   #8
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<strong>ISIR</strong> – Institutional Student Information Record, the electronic output record provided to the school by the CPS that includes information provided by the student on the FAFSA. The ISIR contains the student' s EFC and the results of federal database matches.

<strong>FFY</strong> – Federal Fiscal Year, the period of October 1st through September 30th.
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<strong>VR</strong> – Vocational Rehabilitation. The Missouri Department of Elementary and Secondary Education (DESE) administers VR programs.

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Old 08-07-2011, 11:57 PM   #9
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<strong>Satisfactory repayment arrangement</strong> – A specified number of consecutive, on-time, voluntary, reasonable and affordable full monthly payments made by a borrower to the holder of a loan in default. Satisfactory repayment arrangements may be established by a borrower to either regain Title IV eligibility, or rehabilitate a defaulted loan, or to consolidate a defaulted loan.
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industrial share (GO)<br />An EQUITY forming part of the financial capital of an industrial company or corporation.
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Myners Committee (G3)<br />A working group chaired by Paul Myners and set up by the UK Department of Trade and Industry in 1995. In its report, Developing a Winning Partnership: How Companies and Institutional Investors are Working Together, it set out the broad criteria for being a MODEL COMPANY MANAGEMENT or MODEL INSTITUTIONAL INVESTOR.

pay-off (C7, DO)<br />1 In GAME THEORY the expected values assigned to different combinations of strategy and counter-strategy.<br /> 2 The benefit derived from a course of action, net of cost.<br /><em>See also:</em> minimax; regret

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Old 08-09-2011, 03:49 AM   #10
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<strong>Institutional aid</strong> – Financial aid programs created, funded, and administered by any given postsecondary institution.

income multiple (G2)<br />The amount of a loan divided by the borrower's annual income. In times of inflation multiples rise helping to sustain rising property prices. UK house loans as a multiple of incomes were on average 1.67 in 1980 and rose to 6.0 in 2000.
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