Time deposit
Revision as of 11:28, 1 June 2020 by Gary (talk | contribs) (Created page with "Time deposit is an account that the depositor has committed to leaving in the bank for a certain period of time, in exchange for a higher rate of interest; also called c...")
Time deposit is an account that the depositor has committed to leaving in the bank for a certain period of time, in exchange for a higher rate of interest; also called certificate of deposit.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition), Time deposits. Accounts that the depositor has committed to leaving in the bank for a certain period of time, in exchange for a higher rate of interest; also called certificates of deposit.
