One-year federally tax-exempt certificate account, authorized by the Economic Recovery Tax Act of 1981 to attract funds to mortgage lenders, primarily thrift institutions. None have been issued after December 1982.
| Banking Dictionary: All Savers Certificate |
One-year federally tax-exempt certificate account, authorized by the Economic Recovery Tax Act of 1981 to attract funds to mortgage lenders, primarily thrift institutions. None have been issued after December 1982.
| 5min Related Video: All Savers Certificate |
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| Economic Recovery Tax Act (in banking) |
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