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<strong>Post-Withdrawal Disbursement (PWD)</strong> – A disbursement made when the calculation for the school' s return to Title IV funds (R2T4) result in the student being eligible to receive more Title IV aid than was disbursed or delivered prior to his or her withdrawal.
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<strong>Satisfactory repayment arrangement</strong> – A specified number of consecutive, on-time, voluntary, reasonable and affordable full monthly payments made by a borrower to the holder of a loan in default. Satisfactory repayment arrangements may be established by a borrower to either regain Title IV eligibility, or rehabilitate a defaulted loan, or to consolidate a defaulted loan.
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cash (E4)<br />The most LIQUID of ASSETS, consisting of coin and banknotes; often defined as a zero-interest asset, although Goodhart and others have suggested that interest could be paid by running a national lottery on the serial numbers of the notes. Commercial banks also regard deposits at the 'central' bank as cash.<br /> <br /><em>Reference</em><br />Goodhart, C.AX. (1986) 'How can noninterest bearing assets co-exist with safe interest-bearing assets?', British Review of Economic Issues 8: 1-12.
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