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<strong>Borrower-based academic year (BBAY)</strong> – An academic year that deviates from the standard definition and is often used by technical or vocational schools or within non-traditional programs of study. A BBAY is individualized for each borrower and generally covers a period of time during which the borrower completes at least a certain number of credit hours.
<strong>Master Promissory Note (MPN)</strong> – A common form that allows a student or parent to borrow multiple loans for multiple academic years and providing repayment obigations information (rights and responsibilities). A signed borrower MPN is required before student loan funds can be disbursed to the school.
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mean deviation (C1)<br />The sum of the differences between the numbers of a set and the ARITHMETIC MEAN of the set, divided by the number of numbers in that set, e.g. for the set 3, 4, 5, 6, 7 whose arithmetic mean is 5, the mean deviation is [(3 - 5) + (4 - 5) + (5 - 5) + (6 - 5) + (7 - 5)] divided by 5, i.e.<br /> 1.2, ignoring signs after the differences have been calculated.
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Nikkeiren (J5)<br />Japanese Federation of Employers' Associations.<br /><em>See also:</em> shunto Nobel Prize for Economics (B3)<br />The 'Nobel Memorial Prize in Economic Sciences' awarded to distinguished economists and econometricians since 1969. Prominent in the list of prize winners are persons from the USA, France, Scandinavia, the USSR and the UK: <br />1969 Ragnar Frisch; Jan Tinbergen<br />1970 Paul Samuelson<br />1971 Simon Kuznets<br />1972 Kenneth Arrow; John Hicks<br />1973 Wassily Leontief<br />1974 Friedrich von Hayek; Gunnar Myrdal<br />1975 Leonid Kantorovich; Tjalling<br />C. Koopmans<br />1976 Milton Friedman<br />1977 James Meade; Bertil Ohlin<br />1978 Herbert Simon<br />1979 W. Arthur Lewis; Theodore Schultz<br />1980 Lawrence Klein<br />1981 James Tobin<br />1982 George Stigler<br />1983 Gerard Debreu<br />1984 Richard Stone<br />1985 Franco Modigliani<br />1986 James M. Buchanan<br />1987 Robert M. Solow<br />1988 Maurice Allais<br />1989 Trygve Haavelmo<br />1990 Harry Markovitz; Merton Miller; William Sharpe<br />1991 Ronald H. Coase<br />1992 Gary S. Becker<br />1993 Robert W. Fogel; Douglass C. North<br />1994 John Harsanyi; John F. Nash; Reinhard Selten<br />1995 Robert Lucas<br />1996 James A. Mirrlees; William Vickrey<br />1997 Robert C. Merton; Myron S. Scholes<br />1998 Amartya Sen<br />1999 Robert A. Mundell<br />2000 James J. Heckman; DanielL. McFadden<br />2001 George A. Akerlof; Andrew M. Spence; Joseph E. Stiglitz<br /><br /><em>Reference</em><br />Breit, W and Spencer, R.W (1986) Lives of the Laureates, Cambridge, MA, and London: MIT Press.<br /> Lindbeck, A. (1985) 'The prize in economic science in memory of Alfred Nobel', Journal of Economic Literature 23 (March): 37-56.
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