Definition of covered assets

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TeachMeFinance.com - explain covered assets



covered assets -- assets of a failed financial institution that are purchased or acquired under a government program that protects the new owner against all or partial loss when the assets are sold.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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