Banking
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What Is a Promotional (Bonus) CD Rate?
A promotional CD rate sometimes called a bonus CD rate is a special, higher interest rate that banks offer for a limited time. It’s designed to attract new customers or …
Insurance
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What Is Written Premium? – Simple and Easy Explanation
Written premium is the amount an insurance company charges for a policy during a specific period, based on risk, coverage, and expected costs. Understanding Written Premium in Simple Terms If …
Banking & Credit
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What Is Zero Liability Protection? – Simple and Easy Explanation
Safeguard your finances with Bank of America’s Zero Liability Protection, a feature designed to protect you from unauthorized transactions on your cards. Zero Liability Protection is a guarantee offered by …
Taxes
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What Is Withholding? – Simple and Easy Explanation
Withholding, also known as “pay-as-you-earn” taxation, is the process where money is taken out of an employee’s paycheck by an employer and sent directly to the government. These withheld amounts …
