Tag: savings

Non-Marketable Security definition explanation

What is Non-Marketable Security?
Any type of security that is difficult to buy or a sell because it does not trade on a normal market or exchange. These types of securities trade over the counter (OTC) or in a private transaction. Finding a party with which to transact business is often difficult; in some cases, these securities can’t be resold due to regulations surrounding the security. Read more for examples and further explanation including related video clips and also comments
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Savings Account definition explanation

What is Savings Account?
A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. Depending on the specific type of savings account, the account holder may not be able to write checks from the account (without incurring extra fees or expenses) and the account is likely to have a limited number of free transfers/transactions. Savings account funds are considered one of the most liquid investments outside of demand accounts and cash. Read more for examples and further explanation including related video clips and also comments
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Emergency Banking Act Of 1933 definition explanation

What is Emergency Banking Act Of 1933?
A bill passed during the administration of former U.S. President Franklin D. Roosevelt in reaction to the financially adverse conditions of the Great Depression. The measure, which called for a four-day mandatory shutdown of U.S. banks for inspections before they could be reopened, sought to re-instill investor confidence and stability in the banking system. Read more for examples and further explanation including related video clips and also comments
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