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<strong>Nonsubsidized loan</strong> – A loan that is not eligible for federal interest benefits. (Note: nonsubsidized loans were offered by some guarantors before the introduction of the unsubsidized Stafford Loan Program.)
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interlinked transaction (Ll)<br />The tying of a purchase in one market with one in another, e.g. the purchase of equipment and raw materials or the servicing of it. In developing countries, it is common to find the provision of credit tied to a tenancy or to the provision of agricultural labour. Interlinking reduces transactions costs but has long been a method of monopoly exploitation. See also: bundling; tying contract; upselling <br /><em>Reference</em><br />Bardhan, D.K. and Rudra, A. (1978)<br />'Interlinkage of land, labour and credit relations: an analysis of village survey data in East India', Economic and Political Weekly 13: 367-84.
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