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Term of the Day
Federal Reserve regulations
Federal Reserve Discount Rate
nonpersonal time deposit
Definition
Set of rules that govern
lending
practices of
banks
and other member
institutions
, in
order
to
protect
consumers
from deceptive practices.
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Popular 'Banking' Terms
negotiable
letter of credit
bank draft
bank
commercial bank
account
overdraft protection
compound interest
overdraft
lockbox
Related Terms
nonpersonal time deposit
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