Some tax-policy specialists contend the provision artificially favors income in insurance policies over things like interest on bank certificates of deposit.
WSJ: Shift to Wealthier Clientele Puts Life Insurers in a Bind
Those averse to stock market risks, for instance, could have their money go into U.S. government bonds or government-insured bank certificates of deposit.
You would have a menu of sound investment choices-mutual funds, government bonds, bank certificates of deposit-but you could not speculate in Siberian diamond mines.
Deposit holders who do not want the bonds will be given bank certificates that they can use to buy big ticket items such as properties and cars.
This wealth consisted of four properties, his bank accounts, certificates of deposit, and some vehicles.
Asimco sued the bank for validating the certificates, but ended up liable for the lot.
Along with the house went birth certificates, bank records, computers carrying vital information for the Kristoff's Steak Escape Restaurant, one of which likely went up in flames with the rest of the river walk.
Bank Indonesia, the central bank, expects its own deposit certificates to pay as low as 17% within nine months, depending on U.S. rates.
Gather any originals or copies of valuable documents, which might include credit card numbers, Social Security cards, birth certificates, passports, bank account information, discs of photos for insurance purposes, and a utility bill to provide proof of where your home is (or was) located.
My father was out fire watching and I well remember my mother and I making a dive for the Anderson shelter, mother clutching the large brown handbag containing birth certificates, insurance policies, bank books, identity cards etc - not forgetting our precious ration books.
The problem was that the bank never considered the idea that documents like certificates of deposit could be generated on a LaserJet printer without their knowledge.
He suggests that the central bank should issue billions of dollars of short-term debt certificates that pay junk-bond interest rates say 8% over the interbank rate.
In desperation, individuals turned to scrip during the bank panics of 1893, 1907 and 1933, when towns, schools and other government bodies issued large paper certificates that could be used as cash substitutes.
In one case that my partner and I worked many years ago at a regional bank, this premise was illustrated when an elderly depositor called the bank to report an apparent accounting error of about twenty dollars in interest in her IRS 1099 for her two Certificates of Deposit.
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