Government Agencies in the U

question 38

True/False

Government agencies in the U.S.are not allowed to insure payments made to a U.S.bank if the underlying contract between the buyer and seller is entirely independent from the letter of credit.

---

Definitions:

Compounded Quarterly

Refers specifically to the computation of interest at four intervals in a year, on the initial investment alongside the interest from preceding periods.

Repaid

The act of paying back money previously borrowed from a lender.

Original Loan

The initial amount of money borrowed in a loan agreement before any repayments or interest payments are made.

Guaranteed Investment Certificate

A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period, often with fixed interest rates.