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trickle-down theory (01)<br />A theory of economic DEVELOPMENT asserting that development should follow traditional growth patterns with prosperity gradually coming to the least deprived members of society. This theory has also been applied to advanced free market economies in which the richer members of society through their spending raise the real incomes of the poor. The extent of trickling down is usually measured by an increase in the real incomes of the poor, rather than by the removal of all income inequality which would need a 'flood'.<br /><em>See also:</em> dual economy; Mandeville
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<strong>Disbursement</strong> – 1) The transfer of loan funds by the lender to the school or escrow agent. (Note: under limited circumstances, a lender may also disburse funds directly to the borrower.) For a Federal Consolidation Loan, disbursement occurs when loan proceeds are transferred from the consolidating lender to the current holder of the loan being consolidated, which pays the original loan in full. 2) For the state student assistance programs administered by the MDHE, disbursement is the transfer of grant or scholarship funds to the school, or in some instances, to the student. Disbursement to the school occurs via EFT or master check. Disbursement to a student occurs via individual check.
profit centre (M4)<br />A part of a firm or other organization
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