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<strong>Treasury Offset</strong> – The withholding of a borrower' s federal Treasury payments, such as federal tax refunds, veteran' s benefits, and social security benefits, to repay a defaulted student loan.
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Lloyd's (G2)<br />London insurance market founded in the coffee house of Edward Lloyd in 1688. It consists of underwriting members with unlimited liability for the risks they have underwritten and non-underwriting members. Syndicates of underwriters are responsi ble for most of the risk. Originally, Lloyd's was concerned with marine insurance but it has diversified its interests to fire, accident, motor and aviation insurance. Lloyd's Agents throughout the world and the Lloyd's List provide crucial information for the insurance industry. Although based in the UK, Lloyd's has long done most of its business with US insurance companies.<br /><em>Reference</em><br />Hodgson, G. (1984) Lloyd's of London. A Reputation at Risk, London: Allen Lane and Viking Press.
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<strong>Reauthorization</strong> – The legislative process, generally carried out every five years for the Higher Education Act, whereby Congress reviews and either renews, terminates, or amends existing programs.
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