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State and local government series (SLUGs) |
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State and local government series (SLUGs)Special nonmarketable certificates, notes, and bonds offered to state and local governments as a means to invest proceeds from their own tax-exempt financing. Interest rates and maturities comply with IRS arbitrage provisions. Slugs are offered in both time deposit and demand deposit forms. Time deposit certificates have maturities of up to one year. Notes mature in one to ten years and bonds mature in more than ten years. Demand deposit securities are one-day certificates rolled over with a rate adjustment daily.State and local government series (SLUGs) Similar MatchesLehman Brothers Government or Corporate Bond IndexLehman Brothers Government or Corporate Bond IndexA benchmark index made up of the Lehman Brothers® Government and Corporate Bond indexes, including U.S. government Treasury and agency securities as well as corporate and Yankee bonds. Gnma (government National Mortgage Association) OptionsGnma (government National Mortgage Association) OptionsA method of purchasing GNMA securities through "puts" and calls." A GNMA Call Option is the right to buy GNMA securities at a specific yield for a specified time, A Put Option is the right to sell GNMA securities at a specific yield for a specified time. The buyer pays for the option and may exercise it, not exercise it, or sell it. Non-governmental organizationNon-governmental organizationA not-for-profit organization that pursues an issue or issues of interest to its members by lobbying, persuasion, and/or direct action. In the arena of international economics, NGOs play an increasing role defending human rights and the environment, and fighting poverty. Government insured mortgageGovernment insured mortgageLoans in which the government promises to make good on the insured portion, should the borrow default on the loan. Generally, government loans do not require large down payments. They do, however, have strict eligibility requirements. Government sponsored enterprisesGovernment sponsored enterprisesPrivately owned, publicly chartered entities, such as the Student Loan Marketing Association, created by Congress to reduce the cost of capital for certain borrowing sectors of the economy including farmers, homeowners, and students. Further SuggestionsFT Government SecuritiesGovernment National Mortgage Association British government stock Government National Mortgage Association (Ginnie Mae) Government securities Government obligations Governments Salomon Brothers Non US Dollar World Government Bond Index Government procurement United States government securities Lehman Brothers Government Bond Index Government bond Government procurement practice |
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