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Old 08-03-2011, 10:34 PM   #222
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co-operative federalism (H7)<br />A federal state with much intergovernmental co-operation between federal and state governments. In particular, the different layers of government jointly participate in many programmes.<br /><em>See also:</em> dual federalism; fiscal federalism
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information trap (D4)<br />An equilibrium state in which prices fail to reveal all the information in the market. Mistaken beliefs about the information possessed by other market participants produce this trap.
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<strong>Write-off</strong> – A loan amount for which there has been a total cessation of collection activity.
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