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<strong>Default Aversion Assistance (DAA)</strong> – Assistance provided to a lender by the guarantor in order to prevent a delinquent loan from defaulting.
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one hundred per cent reserve banking (G2)<br />A form of banking which maintains a bank's total volume of deposits (liabilities) equal to reserve assets. Under this system, a bank is unable to make advances through credit creation. Although such banking can resist RUNS oN A BANK, it makes little profit through not holding illiquid bills, bonds and loans.<br /><em>See also:</em> Fisher; fractional reserve banking
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<strong>GP</strong> – Guarantee and Print, a type of application process flow within the FFEL Program and outlined in CommonLine file specifications. In a “GP” process flow, the school submits loan application information to the guarantor for guarantee. After the loan is guaranteed, either a paper MPN is mailed to the borrower for completion or the application is made available online for the borrower to complete and sign.
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