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    term deposits

    0  Views: 254 Answers: 1 Posted: 14 years ago

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    A deposit held at a financial institution that has a fixed term.  This can range from 30 days to years.  The investor understands that they are committing to owning said investment for the duration specified at the time of the purchase.  Any early withdrawals may result in penalty as well loss of interests accrued to date.



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