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risk pooling (G2)<br />The adding together of the risks of many persons to reduce the cost of RisK; a basic principle of INSURANCE. Those who face the same risk are charged the same insurance premium. A major example of this is the underwriting system of Lloyd's insurance market in London.<br /><em>See also:</em> reinsurance
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<strong>Estimated need cutoff</strong> – The estimated need amount that students must demonstrate to qualify for the Gallagher and College Guarantee programs. The MDHE estimates the need cutoff each spring; the actual need cutoff is determined immediately prior to setting spending authority in FAMOUS.
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dollar (F3)<br />The name of the USA's currency since 1785. Other countries, including Hong Kong, Canada and Australia, have followed the US lead. The term is derived from the Bohemian thaler introduced in 1517. 'Yen' (Japanese) and 'yuan' (Chinese) both mean dollar.<br /><em>See also:</em> currencies
statistical population (C1)<br />A group, finite or infinite in size, of persons or things with at least one common characteristic. Statisticians attempt to learn about the nature of a population by taking samples.
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