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balanced budget (H6)<br />A government budget which equates revenue with expenditure. This prudent approach to fiscal policy long advocated by conservative finance ministers has frequently been attacked by KEYNESIANS who rega rd it as an inflexible rule which ignores the levels of aggregate demand and unemployment. A government surplus will increase public sector saving; a government deficit will require borrowing. However, unbalanced budgets could result in CROWDING ouT or long-term insolvency of a country (if the national debt is financed at a rate of interest in excess of the country's rate of growth) or inflation (if a country increases its money supply to finance its borrowing).

<strong>LLR</strong> – Lender of Last Resort, a student loan lender that agrees to make Stafford Loans to qualified students, regardless of the type of school, school' s CDA, etc. The MDHE offers an LLR program for Missouri students.

<strong>HT</strong> – Half Time, an enrollment status indicating the student is carrying an academic workload, as determined by the school, that is more than half time but less than full time.
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