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recovery (E3)<br />The phase in a business cycle, after a SLUMP and before a BOOM, in which output is rising and, often, unemployment is falling.         
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<strong>CPS</strong>  Central Processing System, a company that is contracted by the U.S. Department of Education to process the Free Application for Federal Student Aid (FAFSA).         
         
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rescheduling of debt (F3)<br />The conversion of short-term debt into long-term debt negotiated by countries or companies finding it difficult to repay debt when payment is due. Countries reschedule their debt by applying to the Paris Club.<br /><em>See also:</em>  Group of Ten; world debt problem        
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