Locked Funds Insurance

Is a little known hybrid insurance policy jointly issued by governments and banks. It is used to protect public funds from tamper by unauthorised parties. In special cases, a government may authorise its use in protecting semi-private funds which are liable to tamper. Terms of this type of insurance are usually very strict. As such it is only used in extreme cases where maximum security of funds is required.

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Insurance".

Visits since 7th September 2006