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<strong>T-bill</strong> – A note or bill issued by the U.S. Treasury as legal tender for all debts. The T-bill is used to calculate variable interest rates for federal student loans made prior to July 1, 2006, and to determine special allowance rates.
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<strong>OELA</strong> – Office of English Language Acquisition, a division of the U.S. Department of Education devoted to promoting high quality education for English Language Learners (ELLs). The OELA administers Title III of the No Child Left Behind Act of 2001.
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private sector (P1)<br />That part of the economy cons1stmg of firms owned by legal persons other than the state. In a MARKET ECONOMY the private sector encompasses most economic activity
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spot market (F3)<br />A market where currencies or commodities are traded for immediate delivery. In currency markets, the spot market is linked to a FORWARD MARKET by interest rate differences between countries, by SPECULATION and by HEDGING.
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