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<strong>School Certification Request (SCR) process</strong> – Optional process within CommonLine file specifications whereby a C record type is generated in application send files in response to a borrower-initiated application process. With the SCR process, the application send file is sent to the school for certification after the borrower has completed his/her part of the process, including passing any required credit check.
<strong>Interest</strong> – The charge made to a borrower for use of a lender' s money.
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<strong>ICM</strong> – Integrated Common Manual, a policy and procedure manual for FFELP participants. The manual and related tools may be found at
www.commonmanual.org.
medium of account (E4)<br />A NUMERAIRE used for quoting prices and valuing the quantities used in accounts. It is usually, but not necessarily, a circulating currency, as in the case of guineas.<br /><em>See also:</em> unit of account
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