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Guaranteed insurance contract

• A contract promising a stated nominal interest rate over some specific time period, usually several years.

 
 Embedded terms in definition
 Contract
Interest rate
Interest
Nominal interest rate
Nominal
Time
 
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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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