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A Term Finance Certificate is a financial instrument issued by banks or financial institutions to raise funds for a specific term, typically ranging from a few months to several years. It represents a fixed investment with a predetermined interest rate, providing investors with a steady income over the investment period. These certificates are often considered low-risk options, as they are backed by the issuing institution and can be easily traded in the financial markets. Investors typically receive their principal and interest payments at maturity.

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3mo ago

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