New Money
Barron's Banking Dictionary:
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New Money
1. Deposit of funds into a new account, often representing money transferred from another bank.
2. In a U.S. Treasury refunding, the amount by which the par value of securities offered exceeds that of maturing obligations.
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Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
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