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.

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Time deposit
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If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. - Winston Churchill, Sir (1874-1965)


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