Service Certificates

Filed Under » , , ,
Dictionary Says

Definition of 'Service Certificates'

Bond-like certificates that promised payments at maturity date to World War I (WWI) veterans. Service certificates were granted to WWI veterans under the Adjusted Service Certificate Law in 1924, which promised "bonus" payments to eligible soldiers redeemable in 1945. Service certificates had a face value like a bond and the promised payment at maturity included compound interest.
Investopedia Says

Investopedia explains 'Service Certificates'

The long-term maturity date of these service certificates presented problems for holders and the U.S. goverment. In the 1930s, in the midst of the Great Depression, war veterans were desperate and tried to demand immediate payment of the service certificates. A group of war veterans and their families, known as the "Bonus' Army", marched to Washington D.C. to try to persuade Congress to move up the date of maturity of the certificates. The march in 1932 failed initially to get Congress to speed up the payments, only in 1936 did Congress pass a bill allowing veterans to collect the service certificate payment.

Related Definitions

Search results for

'Service Certificates'

  • Certificates Of Deposit: Introduction | Investopedia

    http://www.investopedia.com/university/certificate-of-deposit-cd/
    ... The Certificate of Deposit Account Registry Service (CDARS) offers up to $50 million
    in FDIC insurance coverage ... Next: Certificates Of Deposit: Safety And More! ...

  • Certificates Of Deposit: Introduction | Investopedia

    http://www.investopedia.com/university/certificate-of-deposit-cd/default.asp
    ... The Certificate of Deposit Account Registry Service (CDARS) offers up to $50 million
    in FDIC insurance coverage ... Next: Certificates Of Deposit: Safety And More! ...

  • 9 Meaningful Holiday Gifts - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1211/9-Meaningful-Holiday-Gifts.aspx
    ... Many cell phone service providers offer gift certificates that can be used on phones
    and accessories, and can be put toward the payment of cell phone bills. ...

  • Old Stock Certificates: Lost Treasure Or Wallpaper?

    http://www.investopedia.com/articles/02/101802.asp
    ... So, if you find an old certificates it's important that you know where to start
    looking to see if ... Keep in mind that a fee is usually charged for this service. ...

  • The 4 Ways To Buy And Sell Securities

    http://www.investopedia.com/articles/basics/03/051603.asp
    ... After the security certificates are signed, they must then be sent back to the ... Whether
    you decide to deal with a full-service or discount broker, issuing ...

  • Be A One-Stop Shop For Your Clients

    http://www.investopedia.com/articles/financialcareers/07/multi-service.asp
    ... the best, banks tried to lure customers with higher rates on certificates of deposit ...
    within marketing campaigns is still relevant today, but service is rapidly ...

  • Investment Services Stump Investors

    http://www.investopedia.com/articles/stocks/08/intangible-services.asp
    ... Service Heterogeneity Service heterogeneity describes a situation in which services
    tend to ... The number of different stocks, funds, certificates, bonds, options ...

  • 10 Tips For Choosing An Online Broker

    http://www.investopedia.com/articles/00/112100.asp
    ... and even gold/silver certificates. Many brokerages also offer other financial services,
    such as checking accounts and credit cards. Customer service counts. ...

  • Are CDs Good Protection For The Bear Market?

    http://www.investopedia.com/articles/bonds/08/CD-certificate-of-deposit-recession-bear-market.asp
    ... The Federal Deposit Insurance Corporation (FDIC) insures certificates of deposit
    for up to ... (Read more about the role of a broker in Full-Service Brokerage Or ...

  • Series 6 Study Guide - Investment Companies - Unit Investment ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-companies/unit-investment-trust.asp
    ... 13.7 Service Instructions; 13.8 Maintaining Customer Accounts; 13.9 Death or
    Incompetence ... Face Amount Certificates A face amount certificate company issues debt ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links