A public corporation established in 1933; insures up to $250,000 for each depositor in each commercial bank and savings and loan association. It has its own reserves and can borrow from the U.S. Treasury.
A type of insurance purchased by an employer to protect against financial loss due to dishonest acts committed by employees who handle valuable property or funds.
A Holder in Due Course (HDC) is a person or entity that acquires a negotiable instrument in good faith and for value, and thus has certain protections under the law, even if the instrument was previously subject to certain defenses or claims.
A Secured Loan is a loan that is backed by an asset or collateral, reducing the risk for the lender and often resulting in lower interest rates for the borrower. Examples include mortgages and auto loans.
