Bank CD

/Bank CD

Bank CD

Bank CD: Certificate of deposit which promises a rate of return that allows the bank use of the money for the investment period

  • Considered a cash equivalent if it has an original maturity date of 90 days or less
  • Redeemable in cash
  • Typically a penalty due for early redemption

N_2F_Bank_CD

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By |2018-01-22T10:24:10+00:00August 13th, 2015|0 Comments

About the Author:

John Gillingham is a CPA and Accounting App Developer in San Francisco, California. Check the iOS App Store for Accounting Flashcards and the Debits & Credits Game. On Android: Learn Accounting Flashcards. Also on Kindle and iBooks.

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