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DEFINITION of 'Flex Dollars' 1. A local electronic currency used by some universities to facilitate students' purchases of food and snacks under the school's meal plan. Flex dollars are usually intended for in-between-meal food purchases; meal purchases are generally covered by a separate component of the overall meal plan. 1. A local electronic currency used by some universities to facilitate students' purchases of food and snacks under the school's meal plan.  Topics What's New
What is CAIVRS? CAIVRS (Credit Alert Verification Reporting System) is operated by the U.S. Department of Housing and Urban Development (HUD) and is used to determine if a loan applicant has any federal debt that is currently in default or foreclosure or has had a claim paid by the reporting agency within the last three years.