Tag:Summary of Terms

Summary of Terms

Apprenticeship A combination of on-the-job training and related instruction in which workers learn the practical and theoretical aspects of a highly skilled occupation. Source:U.S. Department of Labor, http://www.dol.gov/dol/topic/training/apprenticeship.htm Asset-Building Strategies that focus on the long-term development of individuals, families, and communities and that promote the increase of financial and tangible assets, such as savings,…

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Summary of Terms – Youth at the Center

A+ Scholarship A Missouri higher education scholarship program that provides scholarship funds to eligible graduates of A+ designated high schools who attend a participating public community college or vocational/technical school, or certain private two-year vocational/technical schools. The award is $500 per year with a total potential value over four years of $2,000. Source:Missouri Department…

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Summary of Terms

Ability to Pay A borrower’s capacity to fully pay his loan obligations. Source:Businessdictionary.com, http://www.businessdictionary.com/definition/ability-to-pay-principle.html Associate Circuit Court A division of a Missouri State court, which can hear cases with amounts up to $25,000. This includes small claims cases. Source:Missouri Courts, http://www.courts.mo.gov/hosted/circuit13/other/definitions.htm Circuit Court A court in which trials occur. Within a circuit court,…

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Summary of Terms

Better Business Bureau Organization that sets standards for marketplace trust and calls out substandard marketplace behavior of businesses and charities. Source:Better Business Bureau, http://www.bbb.org/stlouis/get-to-know-us/vision-mission-and-values/ Federal Communications Commission (FCC) Independent U.S. government agency overseen by Congress that regulates interstate and international communications by radio, television, wire, satellite and cable in the 50 states, District of…

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