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<strong>Common Record: CommonLine (CR:C)</strong> – The FFEL Program industry' s newest electronic communication standards by which loan and borrower information is electronically gathered, stored, and transmitted via an XML format. CR:C file specifications are agreed to by the industry' s Electronic Standards Committee (ESC) and may be retrieved from the NCHELP website at
www.nchelp.org.
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recontract (DO)<br />EDGEWORTH's notion that buyers and sellers initially make provisional contracts at DISEQUILIBRIUM PRICES and then subsequently, as a result of their exchange, make a new contract at, or approaching, an equilibrium price.<br /><em>See also:</em> tiitonnement <br /><em>Reference</em><br />Walker, D.A. (1973) 'Edgeworth's theory of recontract', Economic Journal 83: 138-49.
marginal firm (L2)<br />An established firm of an industry only earning NORMAL PROFITS. It would leave that industry if its net earnings were less. This concept is crucial to PERFECf COMPETlTION.
capital deepening (E2, 04)<br />Investment which produces an increase in a CAPITAL LABOUR RATIO because the capital stock grows at a faster rate than the labour force.<br /><em>See also:</em> capital widening
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