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payment-in-kind bond (G1)<br />A JUNK BOND such that the issuer can issue more debt in lieu of a cash coUPoN payment over the early part of the bond's life.<br /><em>See also:</em> original issue discount bond
<strong>Header</strong> – A term that comes at the beginning of the school' s scheduled academic year (SAY).
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<strong>Federal Default Fee (FDF)</strong> – 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.
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kerb market (G1)<br />The unofficial trading of a stock market outside the building after the exchange has closed for the day.<br /><em>See also:</em> after-hours dealing
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