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active fiscal policy (H3, H5)<br />Frequently used discretionary fiscal policy. Using this, a government makes many changes in its spending and taxation, instead of relying on automatic stabilizers, to achieve a desired level of aggregate demand.
rate support grant (H7)<br />An expenditure subsidy previously paid by the UK government to local authorities which resulted in less having to be raised by rates (local property tax). This grant on average was equal to about one-half of total local government expenditure. Central government, in order to ensure that minimum standards of services, e.g. in education, are maintained, has to provide this subsidy. After the domestic rates were replaced by the COMMUNITY CHARGE, the rate support grant was replaced by a REVENUE SUPPORT GRANT.
primary mortgage market (G2)<br />The market for real estate and property loans. Banks, BUILDING SOCIETIES, THRIFTS and insurance companies offer these loans in return for a MORTGAGE.<br /><em>See also:</em> secondary mortgage market
<strong>Mapping Your Future (MYF) 10 Financial Fitness Tools</strong> – A guide to completing student loan exit counseling online through Mapping Your Future, This publication and all publications published by the MDHE can be requested on the Publications Order Form:
http://www.dhe.mo.gov/publicationsorderform.shtml.
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