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<strong>Program review</strong> – A comprehensive review of a lender, school, or servicer participating in the FFEL Programs. The review may be conducted by the U.S. Department of Education or by a guarantor to ensure compliance with federal regulations and with policies and procedures.
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public expenditure (H5)<br />The expenditure of central, regional and local governmental organizations on intermediate and final goods and services. This is undertaken to achieve a variety of goals including the redistribution of benefits in kind, the provision of PUBLIC GOODS, the correction of disequilibria in markets and the regulation of industry. In several countries, the increasing ratio of public expenditure to the national income has excited political debate. The ratio has, of course, increased when a collectivist ideology has influenced policy-makers or special interest groups have succeeded in obtaining public subsidization. But in many types of national economy the increase can be attributed to an expanding or ageing population, to public sector output being relatively more costly than production in the private sector, or to a greater use of bureaucratic methods.
<strong>R record</strong> – Response record, a record type included in CommonLine response files. An “R record” is sent to the original source of a change transaction send file.
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