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Secure Socket Layer (SSL) Financial Glossary

What is it? A computer technology enabling secure, encrypted, authenticated communications across the Internet. SSL is intended to provide three important things - privacy, authentication, and message integrity.

Finance Term Definition Added By: Savannah

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Other Similar Finance Terms:

Financial Term Federal Funds is Non-interest-bearing deposits of banks with the Federal Reserve. Banks lend excess reserves out to each other.

Financial Term Unsecured is A loan where no collateral or security is given or charged to the lender. Unsecured lending is viewed as higher risk than secured lending and interest rates are generally higher to reflect this.

Financial Term SAR Information Acknowledgment is A non-correctable one-page Student Aid Report. Students who file electronic applications or who make electronic corrections to applicant information through a school receive this acknowledgment.

Financial Term Bond Par Value is The face value ($1,000) that is to be returned to a bondholder at maturity.

Financial Term Repayment Schedule is A plan that is provided to the borrower at the time he or she ceases at least half-time study. The plan should set forth the principal and interest due on each installment and the number of payments required to pay the loan in full. Additionally, it should include the interest rate, the due date of the first payment, and the frequency of payments.