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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Interest period indicates the time interval in which are attributed to interest on the capital. It can be annual, monthly, but also weekly. The…go to the dictionary >
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