FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R9HKgi7LSbdz9zvbOykr6pp
Label Certificate of Deposit
Preferred Label CD
Identifier N/A
Alternative Labels

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Definition

A Certificate of Deposit (CD) is a time-bound deposit made with a bank or financial institution that offers a fixed interest rate over a specified period. Unlike a regular savings account, funds in a CD are usually locked in for the term of the CD and early withdrawal may result in penalties.

Class Relationships

Is Defined By

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

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Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available