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Plz help...... What is a term deposite​
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Plz help...... What is a term deposite​

User Jens Walter
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12 votes

A time deposit or term deposit 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 Time deposits differ from at call deposits, such as savings or checking accounts, which can be withdrawn at any time, without any notice or penalty.

User Tamikka
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7 votes

Answer:

A term deposite is a fixed term investment that includes the deposite of money into an account at a financial institution

User Ndeuma
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