7-Financial Affairs-Investing-Deposit
certificate of deposit
Banks can agree to pay deposited amount, plus interest at fixed rate, on a fixed date, if depositor leaves money in account until that date {deposit certificate} {certificate of deposit}| (CD).
time deposit
Money can be in securities {time deposit} that you cannot liquidate until after a period.
Related Topics in Table of Contents
7-Financial Affairs-Investing
Drawings
Drawings
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Date Modified: 2022.0225