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Old 08-06-2011, 12:27 AM   #372
Antisdill
 
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<strong>Late conversion</strong> – The scheduling of a FFEL Program borrower' s first payment due date beyond the normal regulatory time limits.

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currency depreciation (F3)<br />A fall in the international value of a currency as less of another currency is exchanged for one unit of one's own. Residents of one country using the currency in other countries will have their purchasing power per unit of the currency reduced. Depreciation can occur very rapidly in foreign exchange markets in reaction to bad news about the state of the economy issuing the currency.

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