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<strong>Default</strong> – Occurs when the borrower fails to make FFEL Program loan payments for 270 days or more or when the borrower fails to meet other terms of the promissory note.
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current purchasing power (M2, M4)<br />The historic value of an asset adjusted by changes in a retail price index.<br /><em>See also:</em> inflation accounting
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commodity tax (H2)<br />A tax on a good, usually taking the form of a SALES TAX or an EXCISE DUTY.
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