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• Are State and Local Government Series securities used for escrow for advanced refunding. The image of these securities became marred when they were a focus point for yield burning cases.

 
 Embedded terms in definition
 Advanced refunding
Escrow
Local
Point
Refunding
Securities
Series
Yield burning
Yield

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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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