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Computer Desktop Encyclopedia: SSC
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(Security Support Component) See NGSCB.

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Banking Dictionary: Small Saver Certificate (SSC)
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Fixed-rate Time Deposit with no minimum balance and a maturity of 18 months, authorized in 1980 so banks and savings institutions could compete with money market funds. In October 1983, interest rate ceilings on time deposits with maturities longer than 31 days were removed, eliminating the need for the SSC.

 
 

 

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Statistics Dictionary. A Dictionary of Statistics. Second edition revised. Copyright © Oxford University Press, 2008. All rights reserved.  Read more
Computer Desktop Encyclopedia. THIS DEFINITION IS FOR PERSONAL USE ONLY.
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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more