A company may go into liquidation when its liabilities are greater than its assets.
Frequently Asked Questions
- Are Mutual Funds insured?
- Does the borrower’s obligations to the institution continue after the institution is closed?
- When can an eligible depositor expect to receive his or her money?
- If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?
Did You Know?
- Misconception: Establishing more than one joint account in the same institution with the same names increases insurance coverage. - Fact: All joint accounts with the same names, notwithstanding alterations to the sequence of names, are added together and insured up to a maximum of TT$125,000.