FINANCIAL GUARANTEE INSURANCE Definition

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FINANCIAL GUARANTEE INSURANCE is insurance created to cover losses from specified financial transactions.

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OCSE is Office of Child Support Enforcement.

FEDERAL UNEMPLOYMENT TAX ACT (FUTA) is a U.S, federal law providing guidelines for the unemployment compensation system. A Federal tax is paid by all liable employers to fund the administration of Federal and State unemployment insurance programs and the extended benefits program. FUTA provides for payments of unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax.

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