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The FDIC insures traditional deposit products, such as checking, savings and money market deposit accounts (not money market mutual funds) and certificates of deposit (CD), as well as cashier’s ...
Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability.
Accounting for costs to sell and rent, and initial rental operations of, real estate projects full-text: 1978 June 30 78-4: Application of the deposit, installment, and cost recovery methods in accounting for sales of real estate full-text: 1978 June 30 78-5: Accounting for advance refundings of tax-exempt debt, June 30, 1978 full-text: 1978 ...
For example, if a bank in the United States makes a loan to a customer by depositing the loan proceeds in that customer's checking account, the bank typically records this event by debiting an asset account on the bank's books (called loans receivable or some similar name) and credits the deposit liability or checking account of the customer on ...
A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the prevailing accounting standards.
Title insurance policy. The title insurance documents pertain to the lender’s policy, which you’ll pay for with your closing costs but only protects the lender, not you. If you chose to ...
The description column on deposit slips has been used for over 100 years in the U.S. to notate where the bank should send the check to reclaim the money; this was done at first by notating in words the name of bank or its location. [9] The bank's transit number, also called bank number, began to be used instead of words.
Promontory also offers the Certificate of Deposit Account Registry Service or CDARS service, and the Insured Network Deposit or IND service. [3] The CDARS service allocates deposits in a way that is similar to the ICS service, but allocates the funds to time deposits (certificates of deposit or CDs) at other Network banks, whereas the ICS ...