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Lock up cds

• CDs that are issued with the tacit understanding that the buyer will not trade the certificate. Quite often, the issuing bank will insist that the certificate be safe kept by it to ensure that the understanding is honored by the buyer.

 
 Embedded terms in definition
 Trade
Will
 
 Related Terms
 

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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...

Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity. - George S. Patton

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