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<strong>Forgiveness</strong> – The release of a borrower or any comaker from all or a portion of his or her loan obligation due to qualifying child care service or qualifying teaching service.
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reputation capital (M2)<br />An intangible asset of a firm created by the making of implicit promises, e.g. to maintain a particular level of product quality or to give its workers permanent employment. A firm gains from not making such promises explicit in the terms of its contracts: it can abandon its undertakings in extreme circumstances and keep employees from monitoring its assurances.<br /><em>See also:</em> goodwill; intangible wealth <br /><em>Reference</em><br />MaCaulay, S. (1963) 'Non-contractual relations in business', American Sociolo gical Review 28: 55-69.
Martineau, H. (1859) Illustrations of Political Economy, 9 vols, London: Routledge, Warner & Routledge.
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denationalized money (E4)<br />Money issued by a variety of private and foreign banks and not by a national government. This money is less likely to be debased. This diminution of the role of the state enables banks to benefit from SEIGNORAGE.<br /><em>See also:</em> debasing a currency; free banking References Hayek, EA. (1990) Denationalisation of Money - the Argument Refined, 3rd edn, London: Institute of Economic Affair.
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