Certificate Of Deposit

From Open Risk Manual

Definition

Certificate Of Deposit. A cash instrument associated with a time deposit account that cannot be withdrawn for a certain "term" or period of time.

When the term is over it can be withdrawn or it can be held for another term. The longer the term the better the yield on the money.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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