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<strong>Trailer</strong> – A term that comes at the end of the school' s SAY.
BigMac index (F3)<br />A measure of the purchasing power of different currencies using the prices of hamburgers sold by the international food chain McDonald's. This was devised by The Economist of London and has been calculated since 1986. This index, based on the theory of PURCHASING POWER PARITY, is calculated by dividing the price of a hamburger in the local currency by its price in US dollars. This ratio, the implied PPP, is compared with the actual exchange rate to determine the extent of a currency's over- or undervaluation relative to the US dollar. The BigMac was chosen for comparative purposes as it is a popular fast food item produced everywhere to the same recipe.
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<strong>Perkins Loan</strong> – The Federal Perkins Loan Program, a campus-based Title IV student loan program administered by the school.
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