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<strong>Guarantee</strong> – A conditional legal obligation for the guarantor to reimburse the FFEL Program lender for some portion of a loan that is not repaid by the borrower due to default, death, disability, or other reason defined in federal regulations.
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demand-shift inflation (E3)<br />INFLATION brought about by a structural change in an economy which permanently raises demand. This is a consequence of increases in wages and in the prices of capital goods in expanding sectors being communicated to other sectors. It is a mixed form of inflation as changes in both demand and cost bring about the ultimate increase in product prices.
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<strong>Unsolicited response file</strong> – A CommonLine file containing “M records,” or modification records sent in response to status updates and changes made by a source other than a school' s CTSF.
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