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Sure. There are no restrictions about who can have a time deposit. Any individual or organization that earns an income out of legal means (after paying taxes) can have a time deposit at the bank. For that matter, most corporations have enormous amounts of deposits with banks across the globe.
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What is call deposit receipt?
A Call Deposit Receipt is a certificate issued to government institutions and corporations as a type of security deposit. The institution or corporations it is issued to can redeem it at any time for legal tender from the issuers account.
What is corporate advance deposit?
An advance deposit is money you place with a retailer to put towards your final price. For corporations, this can be advances made on a corporate level, dealing with large numbers.
What is the purpose of a direct deposit form?
The purpose of a direct deposit form it to allow payments to be made directly to one's bank account. This is a common method used in larger corporations for direct deposit of one's earnings into a personal bank account.
What is a bank certificates of deposit called a time deposit?
time deposit means payable at specified time same is the case with bank deposit ie. fixed deposit that is payable after certain period means not less than 7 days to earn interest so fds are called as time deposit
What is an example of a time deposit?
A time deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term. Time deposits usually refer to savings accounts, and are held by individuals.
What is call deposit receipt?
A Call Deposit Receipt is a certificate issued to government institutions and corporations as a type of security deposit. The institution or corporations it is issued to can redeem it at any time for legal tender from the issuers account.
What is deposits called?
A Call Deposit Receipt is a certificate issued to government institutions and corporations as a type of security deposit. The institution or corporations it is issued to can redeem it at any time for legal tender from the issuers account.
What is a corporate fixed deposit?
A deposit made by investors with corporations for a fixed time period, for a predetermined/agreed upon rate of interest is called a "Corporate Fixed Deposits"
What is corporate advance deposit?
An advance deposit is money you place with a retailer to put towards your final price. For corporations, this can be advances made on a corporate level, dealing with large numbers.
Can corporations make investments?
Corporations may make any lawful investment. They often invest in the stock and/or bonds of other corporations, personal or real property, mutual funds, money market accounts, certificates of deposit, and government securities.
What is the purpose of a direct deposit form?
The purpose of a direct deposit form it to allow payments to be made directly to one's bank account. This is a common method used in larger corporations for direct deposit of one's earnings into a personal bank account.
An organization that helps private individuals and corporations purchase stocks bonds certificates of deposit or notes is called?
an investment firm.
What is a bank certificates of deposit called a time deposit?
time deposit means payable at specified time same is the case with bank deposit ie. fixed deposit that is payable after certain period means not less than 7 days to earn interest so fds are called as time deposit
Which of these describes a time deposit?
Money in a savings account is an example of a time deposit.
How do you describe a time deposit?
A time deposit has to be left in the bank for a certain period of time. If it stays for the entire time in the bank, the depositor will receive a little more when the time deposit is withdrawn. A time deposit taken out before the date of maturity will be subject to penalties and the total amount might be less than the original deposit.
What is a deposit that gives a certain amount of interest in a specified amount of time?
time deposit
Difference between time deposit and demand deposit?
Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .
