Advertising

Deposit note

• An FDIC-insured, negotiable time deposit issued by a bank, in the form of an MTN, always with a maturity at issue of 18 months or longer.

 
 Embedded terms in definition
 Issue
Maturity
Mtn
Time deposit
Time
 
 Related Terms
 

<< Depletion Depository transfer check >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

A new idea is delicate. It can be killed by a sneer or a yawn; it can be stabbed to death by a joke or worried to death by a frown on the right person's brow. - Charles Brower

Advertising



Copyright 2009-2019 GVC. All rights reserved.