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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.
Dual Banking System
A regulatory framework in which banks are chartered and supervised at both the state and federal levels.
State Banks
Financial institutions that are chartered by a state in the United States to provide banking services.
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