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<strong>AWG</strong> – Administrative Wage Garnishment; federal student loan holders may withhold a portion of a borrower' s wages after a loan is in default.
<strong>Entrance counseling</strong> – Counseling required to be provided by a school to its borrowers prior to delivering a student' s first disbursement associated with his or her first loan.
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black market (D4)<br />An unauthorized market with transactions contrary to governmental regulations. Markets of this kind are often found when there are price or EXCHANGE CONTROLS or the restriction of trading to a list of authorized dealers. Soviet-type economies were characterized by these markets.
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incentive contract (H5)<br />A type of contract often made between governmental bodies and private firms which consists of a fixed part (which is a function of the expected cost) and another part (which is proportional to the difference between the expected cost and the actual ex post cost). A private contractor has the greatest incentive to keep costs down if he or she expects to lose most of the difference between the ex ante and ex post costs.<br /><em>See also:</em> ex ante, ex post
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