safety net

Definitions (2)
Popular Terms
1. Banking: A system of protection for bank customers provided through federal legislation. The protection includes deposit insurance, bank access to the short-term credit discount window of the Federal Reserve, and bank access to the Federal Reserve check clearing and inter-bank system.
2. Investments: A portfolio management policy whereby the managing agent or team is replaced by a specific "immunization" strategy to reduce the risk of significant losses. The strategy is put in place once a portfolio's value declines to a certain limit.

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