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funding gap (H6, M2)<br />A shortage of revenue to meet the expenditure demands on a fund. This problem is often encountered in the public sector since a variety of forces, e.g. demographic changes, can lead to expanding programmes; also, for ideological and other reasons there may be a reluctance to increase taxes. ECONOMIES in recession often have a gap of this kind as a fall in incomes reduces tax revenues and a rise in unemployment increases welfare expenditures.<br /> See also: budgetary policy; Gramm- Rudman-Hollings Act
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<strong>DR</strong> – Disbursement Roster, the electronic file or paper report listing all disbursements and related information for each borrower.
<strong>FERPA</strong> – Family Educational Rights and Privacy Act of 1974.
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