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put price (G1)<br />The price at which a PUT OPTION is sold. Also known as an exercise price and strike price.
economic system (PO)<br />The system of ownership, institutions and allocation mechanisms of an ECONOMY. Ownership is the principal criterion for distinguishing various forms of sociALISM from CAPITALISM. Institutions indicate the degree of freedom from central control, particularly the nature of trade unions, productive enterprises and banks. Methods of allocation contrast planned with market economics. University and college courses on comparative or alternative systems contrast different types of economy.<br /><em>See also:</em> economic institution; economy
innovation possibility frontier (03)<br />A line showing the trade-off between Capital-augmenting, labour-augmenting and capital-augmenting technical progress. It is assumed that firms seek to maximize the instantaneous rate of unit cost reduction.
<strong>CL</strong> – CommonLine, the FFEL Program industry' s standards by which loan and borrower information is electronically gathered, stored, and transmitted via a flat file. CommonLine file specifications are agreed to by the industry' s Electronic Standards Committee (ESC) and may be retrieved from the NCHELP e-library at
www.nchelp.org.
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