Safeguarded Money

Safeguarded Money

Safeguarded Money or safeguarded funds. This is a term used to describe monies that are put with a service provider - typically a payment service provider or any money institution in return for a service. the term safeguarded applies to any segregated monies that are held for this purpose. In the simplest definition, if you put 100 pound into a eMoney institution for return of eMoney, that eMoney institutions will have to hold that 100 pounds in a safeguarded account. That safeguarded account will be with a financial institution as prescribed by their regulator

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