Sentences with phrase «government for safekeeping»
Think of it as the company sending some of the employee's salary to the government for safekeeping.
https://money.stackexchange.com/ Not exact matches
He disclosed that because the money came on a Friday, it was kept in the Government House for safekeeping until the next day when it was handed over to the state campaign office of the PDP, which distributed the money to Local Government representatives.
In any case, the U.S. government stepped in and formed the Federal Deposit Insurance Corporation (FDIC) in 1933 to make sure that in the unlikely event that a bank does fail, depositors still have access to their hard - earned cash that they had entrusted to that bank for safekeeping.