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American option (G1)<br />An OPTION that can be activated before its expiry date.
<strong>Application Send File</strong> – The CommonLine file type used to send application information to guarantors and/or other entities so that FFEL Program loans may be guaranteed and disbursed.
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Slutsky effect (DO)<br />A consumer's reaction to a change in price. This fundamental equation of price theory splits the effect of a price change into an INCOME EFFECT and a SUBSTITUTION EFFECT. The effect can also be applied to the effect on the labour supply of a LUMP-suM TAX. HICKS in Value and Capital attributed this to the Russian mathematician and statistician SLUTSKY who contributed suggestions about consumer theory to economics.
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