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<strong>FDF</strong> – Federal Default Fee, a loan program fee required by the Deficit Reduction Act of 2005 to offset the risk of default and its subsequent costs. All Stafford and PLUS Loans guaranteed on or after July 1, 2006 must be assessed a one percent default fee. The fee either must be deducted from the borrower' s loan proceeds at the time of disbursement or paid by a third party from other non-federal sources (such as by a lender or servicer). Also referred to as DFee.
labour standard (E4)<br />The value of money in terms of labour. HICKS asserted that after the abandonment of the GOLD STANDARD in 1931, which had determined wages within a given monetary framework, MONETARY POLICY adjusts the equilibrium level of wages to the actual leveL Thus the value of money is the consequence of the behaviour of the wage-fixing institutions of a state. The labour standard is a national standard, unlike the international GOLD STANDARD. Hicks's Jong interest in LABOUR ECONOMICS ensured that he took into account both econom1c and social determinants of wages.<br /><em>See also:</em> commodity reserve currency <br /><em>Reference</em><br />Hicks, JR. (1955) 'The economic foundations of wage policy', Economic Journal 65: 389-404.
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<strong>CB</strong> – The abbreviation for Campus-Based aid. Campus-based aid programs include Federal Work Study (FWS), the Federal Perkins Loan Program, and the Federal Supplemental Educational Opportunity Grant (FSEOG). “CB” also indicates a type of Dear Colleague Letter specifically addressing campus-based aid programs.
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