Examlex
Briefly describe DES and its variants.
Deregulation
The process of reducing or eliminating government controls and restrictions in an industry to enhance efficiency and competition.
FDIC
The Federal Deposit Insurance Corporation, a U.S. government agency that provides insurance protection to depositors in US banks.
Mortgage-Backed Security
A claim on payments made on the many mortgages bundled into this financial instrument.
Monthly Payments
Regular payments made monthly, often in the context of loans or mortgages, covering interest and possibly part of the principal.
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