Examlex
What is meant by the term "lender of last resort?" In what circumstances might the Fed be a lender of last resort?
Trust Fund Bonds
Financial instruments issued by a trust to raise funds for investment purposes, backed by the assets managed within the trust.
Government Borrowing
The process by which a government raises funds through issuing debt instruments, such as bonds, to finance public spending beyond tax revenues.
Surplus Funds
Excess money that remains after all expenses and obligations have been met, which can be saved or invested.
Social Security
A government program that provides financial assistance to people with inadequate or no income, primarily targeting the elderly, disabled, and survivors of deceased workers.
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