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<strong>Servicer</strong> – An entity that enters into a contract with a program participant to administer any aspect of its participation in a Title IV program. Schools, lenders, secondary markets, guarantors, and the federal government may all employ servicers. MOHELA, Nelnet, and Sallie Mae are all FFEL Program servicers operating in the state of Missouri.

new issue (G2)<br />The shares offered by a company when it is marketing its securities on a stock market for the first time or raising additional capitaL The shares can be issued by TENDER or by prospectus.<br /><em>See also:</em> placing; rights issue; stag

price stabilization (L5)<br />A scheme to maintain product prices at a constant price level in order to stabilize producer incomes. This is a method extensively used for PRIMARY PRODUCTS. Under such schemes, a BUFFER STOCK is established to adjust supply to fluctuations in demand and a price is set which, it is hoped, will avoid excessive accumulation or decline in the stocks held. Attempts by KEYNES in 1942 to establish a global scheme were frustrated by governments opposed to state intervention in markets. Some schemes instituted by UNCTAD have survived only a few years.<br /><em>Reference</em><br />Newbery, D.M.G. and Stiglitz, J.E. (1981) The Theory of Commodit y Price Stabilization: A Study in the Economics of Risk, Oxford: Clarendon Press.

distributional/social weights (C1)<br />The increased weighting of one social or income group in COST BENEFIT ANALYSIS. This gives a group more significance: for example, if the LOWER QUARTILE of an income distribution is given a weight of 4 but the UPPER QUARTILE only 1 then costs and benefits affecting the lowest income group will be regarded as four times as important as those of the top group.

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