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Bank deposit insurance

the protection of bank deposits against the insolvency of banks in the U.S., up to a specified maximum per account that is revised periodically, under special insurance through the Federal Deposit Insurance Corporation.


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  • Bank discount

    interest on a loan, deducted in advance from the face value of the note. noun interest on a loan deducted from the principal amount when the loan is made and based on the loan’s face value

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    a draft drawn by one bank on another. Historical Examples It will save a lot of trouble if you will have the bank draft made out in my name. Doris Force at Locked Gates Julia K. Duncan bank draft—An order drawn by one bank on another for the purpose of paying money. Cyclopedia of Commerce, […]

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    a public official appointed under U.S. state or federal laws to inspect and audit the operations and accounts of banks in the examiner’s jurisdiction. Historical Examples The bank examiner, Gard recalled, had steadily given the Second National a clean bill of health. Uncle Sam Detective William Atherton Du Puy By my authority as bank examiner, […]

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    noun a British giro system operated by clearing banks to enable customers to pay sums of money to others by credit transfer

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