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Commodity Credit Corporation (Q1) US federal body set up by the AGRICULTURAL ADJUSTMENT ACT 1933 to provide a price support system for US farmers. It lends to farmers who pledge their crops as collateraL Farmers can deliver their crops to the CCC in lieu of repaying the loan and any accumulated interest. These crops can be resold by the CCC if their market price is greater than the 'loan rate', i.e. the price on which the loan was based.
distortion (D6)<br />The failure to reach a welfare optimum because the social marginal cost of producing goods is less or more than the social marginal benefit of consuming that good. WELFARE ECONOMICS is much concerned with distortions when analysing taxation and monopoly.<br /> distortionary tax (H2)<br />A biased tax causing inefficiencies. Many specific taxes, e.g. those levied on the products of one industry but not on those of another, can change the post-tax allocation of demand.
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<strong>Disbursement date</strong> – The date loan funds are issued to the school or escrow agent. For a paper check, the disbursement date is the date the check is issued. For an electronic funds transfer via ACH or wire, the disbursement date is the date the funds are transferred from the lender to the school or escrow agent. (Note: under limited circumstances, a lender may also issue funds directly to the borrower.)
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