Fixed Deposit
Noun
US
/fɪkst dɪˈpɒzɪt/
UK
/fɪkst dɪˈpɒzɪt/
US
/fɪkst dɪˈpɒzɪt/
UK
/fɪkst dɪˈpɒzɪt/
A bank deposit at a fixed interest rate for a specified term.
Fixed Deposit plays a key role in banking operations and personal borrowing decisions.
Also known as: Term Deposit, FD. Closely related to Savings Account, Interest Rate.
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Fixed Deposit - key concept in Banking & Interest.
Safe investing; Retirement; Short-term savings
Applied in Banking & Interest contexts: Safe investing; Retirement