TIME DEPOSIT
Interest-bearing deposit held for a fixed term, meaning the depositor can only withdraw the funds upon notifying the bank or financial institution. A savings account or certificate of deposit (CD), this deposit has a set maturity date. A bank requires depositors to give notice 30 days prior to withdrawing funds from a savings account. But passbook accounts are normally considered readily available funds; hence, account holders can withdraw money without giving notice in advance. In the case of CDs, these are issued for a specified term, normally between 30 days and five years. Penalties are imposed for early withdrawal although money can be taken out from CDs without giving notice (on demand).
POPULAR TERMS
Expected Utility
Economic term outlining an entity or aggregate economy is anticipated to reach under several circumstances. It is computed by getting the weighted ...
Production Volume Variance
The amount of fixed overhead costs that are not allocated to a product because actual production varies from budgeted production. Also known as fix ...
Statistical Significance
Statistical Significance is the low probability of random results due to association with a particular factor. The strength and weakness of statist ...
Open Offer
This secondary market offering gives shareholders a chance to buy stock at a price lower that the current market price. The objective of it is to r ...
Embezzlement
White-collar crime in which an individual misappropriates the assets entrusted to him. The embezzler obtains the assets lawfully and is given the a ...
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How Do You Intend to Live?
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Jun | |
| 06:30 | Tertiary Industry Index | Jun | |
| 09:00 | Fixed Asset Investment | Jul | |
| 09:00 | Industrial production | Jul | |
| 09:00 | Retail Sales | Jul | |
| 09:00 | Unemployment Rate | Jul | |
| 09:00 | NBS Press Conference | ||
| 14:30 | Consumer Price Index | Jul | |
| 14:30 | Consumer Price Index Core | Jul |
