Ads
related to: definition of a term deposit in business credit carddoublescout.com has been visited by 10K+ users in the past month
helperwizard.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term". Time deposits differ from at call deposits, such as savings or ...
Banks and credit unions will allow term deposit customers to close their accounts before maturity, but a penalty is usually charged. In most cases, that means a loss of the interest due on the ...
For premium support please call: 800-290-4726 more ways to reach us
When the term is over it can be withdrawn or it can be rolled over for another term. Generally speaking, the longer the term the higher the interest rate offered by the bank. 5 Call deposit A deposit account that allows for the withdrawal of funds without penalty but requires a higher minimum balance to earn interest. [1] 6 Sweep account
Business credit cards are specialized credit cards issued in the name of a registered business, and typically they can only be used for business purposes. Their use has grown in recent decades. In 1998, for instance, 37% of small businesses reported using a business credit card; by 2009, this number had grown to 64%. [43]
Secured business credit cards operate similarly to prepaid cards insofar as a security deposit determines the spending limit. With both types of cards, the balance must be replenished when it runs ...
Ads
related to: definition of a term deposit in business credit carddoublescout.com has been visited by 10K+ users in the past month
helperwizard.com has been visited by 100K+ users in the past month