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.back to dictionary >
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Principal financial is the amount that the debtor's borrowed from the lender. The reward for providing this amount is interest for the lender, which…go to the dictionary >
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