Fixed-Term Investments

Certificate of Deposit (CD)
A Certificate of Deposit (CD) is a time deposit offered by banks, credit unions, and other financial institutions with a predetermined interest rate and maturity date.
Early-Withdrawal Penalty
An early-withdrawal penalty is a charge assessed against holders of fixed-term investments, such as certificates of deposit (CDs), when they withdraw their funds before the maturity date.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.