Business terms and jargon
explained. Your business dictionary
What is Money Deposit
This is an account for cash. Banks and other financial institutions hold these accounts where interest is paid on a regular basis. The rate of interest can be variable to market conditions or can be a fixed rate. Interest can be paid daily, weekly, monthly or yearly. There may be conditions on withdrawal, where there may be a limit or a notice period.
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Term created / updated 2006-05-20 09:44:53
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.
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