Tag: savings
Savings Account
DefinitionA savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the...
Federal Employee Retirement System (FERS)
What is 'Federal Employee Retirement System - FERS' A system that became effective in 1987 and replaced the Civil Service Retirement System...
Federal Home Loan Bank Act
DefinitionThe Federal Home Loan Bank Act, is a United States federal law passed under President Herbert Hoover in order to lower the cost of...
Federal Call
What is 'Federal Call' A special type of margin call requiring a trader to deposit sufficient cash in order to meet federal...
Federal Deposit Insurance Corporation Improvement Act (FDICIA)
What is 'Federal Deposit Insurance Corporation Improvement Act - FDICIA' Passed in 1991 at the height of the Savings and Loan Crisis...
Garn-St. Germain Depository Institutions Act
DefinitionThe Garn–St Germain Depository Institutions Act of 1982 is an Act of Congress that deregulated savings and loan associations and allowed banks to provide...
Defined-Contribution Plan
DefinitionA defined contribution plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. Individual...
Dealer Bank
What is 'Dealer Bank' A commercial bank authorized to buy and sell government debt securities including federal and municipal bonds. This debt...
Uncollected Funds
What is 'Uncollected Funds' The amount of a bank deposit that comes from checks that have yet to be cleared by the...
U.S. Savings Bonds
DefinitionU.S. savings bonds are debt securities issued by the U.S. Department of the Treasury to help pay for the U.S. government's borrowing needs. U.S....