Rates Current as of Thursday February 09, 2012

A firm that buys and sells mutual fund shares and other securities from and to investors.

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Business Day

Any day on which offices of a bank are open to the public for carrying on substantially all of the bank’s business.

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Forward Pricing

The concept describing the price at which mutual fund shareholders buy or redeem fund shares. Shareholders buying or redeeming shares after 4 pm must receive the next computed share price following the fund’s receipt of a shareholder transaction order.

Check

A written order instructing a financial institution to pay immediately on demand a specified amount of money from the check writer’s account to the person named on the check or, if a specific person is not named, to whoever bears the check to the institution for payment.

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State Bank

A bank that is organized under the laws of a State and chartered by that State to conduct the business of banking.

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Banking & CD FAQs

What is the Fed Funds rate and how is that determined?

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