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<strong>LTH</strong> – Less than half time, an enrollment status indicating the student is carrying less than a half-time academic workload, as determined by the school. Students who are less than half time are not eligible to borrow FFEL Program loans.
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cap (E4, Gl)<br />The maximum interest rate paid on a floating rate security by its issuer. The seller gives funds to cover interest paymen ts over a specified rate. Also applies to an adjustable ra te mortgage.<br /> See also: collar; floor capacity {D2, E4)<br />1 The maximum output that a firm or a national economy can produce from its existing supply of factors of production. A firm can increase its capacity by enlarging its labour force or its capital stock.<br /> 2 The maximum amount of money which a financial institution can lend.<br /> See also: capital utilization capacity charge (D4, M2)<br />A component of the price of the goods or services of public enterprises which is expected to cover the costs of fixed capital.<br /> capacity ratio (J2) see volume ratio capacity uti lization (DO, EO)<br />The ratio of the actual output of a fll111, industry or national economy to its maximum output at a point in time. This ratio will fluctuate cyclically. A high degree of utilization will be a signal for more net investmen t.<br /> See also: accelerator principle; trade cycle capital (DO, EO)<br />1 Durable goods capable of producing a stream of goods or services over a period of time.<br /> 2 A factor of production distinct from land, the entrepreneur and the labour currently being used.<br /> 3 A sum of money which is invested in a business enterprise.<br /> 4 Accumulated expenditures giving rise to higher subsequent incomes, as in HUMAN CAPITAL.<br /> 5 Wealth.<br /> 6 Stored-up labour; exchange value which is becoming wealth, according to Marx.<br /><em>See also:</em> Cambridge con troversies; capital theory
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<strong>Proration</strong> – A reduction of the standard annual loan limit for an undergraduate student if the student' s program or remainder of the program is less than a full academic year in length.
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