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<strong>SSA</strong> – Social Security Administration.
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<strong>In-school status</strong> – Occurs when a Stafford Loan borrower is enrolled in school at least half time, the grace period has not yet been used, and the borrower has not yet entered repayment. If the borrower returns to school before the grace period is fully used, the borrower continues to qualify for in-school status. Also be referred to as the “interim status.”
last-in, first-out (J2, M2)<br />1 A principle for the rotation of inventories/physical stocks. In UK NATIONAL INCOME accounting conventions it enables all items to be valued at current prices; a firm using this principle is able to finance the replacement of stocks in inflationary periods.<br /> 2 The employment policy of firms which lay off first the workers who have been recruited most recently.<br /><em>See also:</em> first-in, first-out
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