Student Loan Marketing Association (SLMA)

Definition:

A publicly traded corporation established by federal action that increases availability of educational loans by guaranteeing student loans traded in the secondary market. Also known as Sallie Mae.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

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A transaction in which the settlement will occur on a specified date in the future at a price agreed upon on the trade date.

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