FCIA Definition

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FCIA (FOREIGN CREDIT INSURANCE ACT) is an EximBank program that offers credit insurance against losses due to political conflict or buyer default.

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UNSYSTEMATIC RISK, in securities, is price fluctuations resulting from the unique characteristics of specific securities. Unsys­tematic risk generally is eliminated in a well diversified portfolio. Also known as non-systematic risk.

FUND is a pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.

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