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Safekeep

• For a fee, banks will safekeep (i.e., hold in their vault, clip coupons on, and present for payment at maturity) bonds and money market instruments.

• For a fee, bankers will hold in their vault, clip coupons on, and present for payment at maturity bonds and money market instruments.

 
 Embedded terms in definition
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Instruments
Market
Maturity
Money market
Will

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"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

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