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prime cost (DO)<br />The direct cost of running a business, particularly labour, energy and raw material COSts; VARIABLE COSTS. A term USed by MARSHALL.<br /><em>See also:</em> supplementary cost
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<strong>Disbursement date</strong> – The date loan funds are issued to the school or escrow agent. For a paper check, the disbursement date is the date the check is issued. For an electronic funds transfer via ACH or wire, the disbursement date is the date the funds are transferred from the lender to the school or escrow agent. (Note: under limited circumstances, a lender may also issue funds directly to the borrower.)
<strong>Financial Aid Transcript (FAT)</strong> – An official record of federal financial aid a student has received at schools the student previously attended.
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