(Kohler's Dictionary) Credit subsidy cost is the estimated long-term cost to the government of direct loans or loan guarantees calculated on a net present value basis, excluding administrative costs.
Even after reading the definition in Kohler's Dictionary many people do not understand the meaning of the Credit Subsidy Cost. 
mnli hypothesis: Even after reading the definition in Kohler's Dictionary many people do not understand the meaning of the Credit Subsidy Cost.  premise: (Kohler's Dictionary) Credit subsidy cost is the estimated long-term cost to the government of direct loans or loan guarantees calculated on a net present value basis, excluding administrative costs.