CALL DEPOSIT ACCOUNT
A bank account for investment funds that gives its clients the benefits of both a checking and a savings account. This kind of account is similar to a checking account, which has no steady time for deposit, gives fast access to funds and grants unlimited deposits and withdrawals. A call deposit account is the same to a savings account that pays interest. The percentage of interest that this account pays is depending on the amount of funds in the account, a method that is usually pertains as banded interest rates. In addition, various currencies can earn various interest rates. For the depositors, they need to reach a least balance before they can acquire any interest.
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Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
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Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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