The ACH network acts as the central clearing facility for Electronic Fund Transfer (EFT) transactions.Īvailable Security – A security which is eligible for purchase through BuyDirect®. For savings bonds, this is the amount of interest earned from the issue date to a specific point in time.Īuction - The public sale of Treasury marketable securities.Īutomated Clearing House (ACH) - A secure funds transfer system governed by the rules of the National Automated Clearing House Association (NACHA) that connects participating financial institutions. When Melania Trump stole her language, she signified too: that she was clueless, sure, but in the signature American way of a white woman who takes from a black woman without any real sense of what she’s talking about.Accrual-Basis Tax Reporting - Reporting the increase in redemption value each year for all securities owned, those subsequently acquired, and for any other obligations purchased on a discount basis.Īccrued Interest - The amount of interest a Note, Bond, FRN, or TIPS earns before it is actually issued in your account.
So when Michelle Obama told convention-goers that her word was her bond, she was both retrieving a powerful saw from the ethical canon and, perhaps, signifying to black listeners. In “ Wu-Tang Clan Ain’t Nuthing Ta F’ Wit,” for example, RZA sums it up: “Peace to the fuckin Zulu Nation / Peace to all the Gods and the Earths, word is bond.” The group consciously and deliberately threaded messages from the Five Percent Nation-and the partially overlapping Zulu Nation-into their work. and Rakim, released a song with the lyrics: “Turn up the bass and let the system thump / A block party starts to form, people start to swarm / Loud as a ghetto blaster, word is bond.” The phrase soon wended its way toward shibboleth status in the rhymes of artists from Big Daddy Kane (“And I’m lovin’ em right, word is bond”) to LL Cool J (“I do it for you, word is bond.”) As Patrick explains, peak word is bond arrived with the Wu-Tang Clan.
Emcee Rakim, of the golden age duo Eric B.
Jamaican-born rap pioneer Kool Herc enlisted members of FPN in his security team. The Five Percenters left a deep imprint on hip-hop-and the blogger Patrick has a great, thorough rundown of the cross-pollination between them and rappers like Busta Rhymes and Q-Tip.
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