Meaning of the word: Term deposit
Term deposit is a type of bank account that guarantees the interest rate of the deposit the client. It is concluded for a specified period and at the same time to a specific interest, which may be fixed in nominal terms or according to the current bank interest rates. For the duration of the loan period, the term deposit is closed to any deposit transactions.
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FROM DICTIONARY
Loan
The loan is the commitment that arises between lender and borrower on the basis of the conclusion of the loan agreement. The lender will lend the…
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