interest certificate
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certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… … Black's law dictionary
certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… … Black's law dictionary
certificate of deposit — certificate of deposit: a money market bond of a preset face value (as $10,000) paying fixed interest and redeemable without penalty only on maturity (as after two years) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. certificate of… … Law dictionary
certificate — cer·tif·i·cate 1 /sər ti fi kət/ n 1 a: a document containing a certified statement esp. as to the truth of something a birth certificate b: a document certifying that a person has fulfilled the requirements of and may practice in a specified… … Law dictionary
interest disbursement — UK US noun [C or U] BANKING, FINANCE ► a regular payment of interest that a bank makes on a certificate of deposit (= an investment in which customers earn interest for saving money for a fixed period): »You can elect to receive interest… … Financial and business terms
interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim … Law dictionary
Certificate of Annuity — (COA) is a financial instrument/security issued by government agencies which guarantee the initial interest rate for funds on deposit for the entire length of the maturity of the security. Typical maturity/tenor for these deposit instruments are… … Wikipedia
certificate of deposit — n. 1. a time deposit paying a specified rate of interest for a specified period of time, with a penalty imposed for premature withdrawal of the deposited funds 2. a certificate acknowledging such a deposit … English World dictionary
certificate of tax deducted — cerˌtificate of ˌtax deˈducted noun certificates of tax deducted PLURALFORM [countable] TAX a document prepared by a bank showing the amount of tax on interest earned on a customer s account that has been paid directly by the bank to the tax… … Financial and business terms
Guaranteed Investment (Interest) Certificate - GIC — A deposit investment security sold by Canadian banks and trust companies. They are often bought for retirement plans because they provide a low risk fixed rate of return. The principal is at risk only if the bank defaults. The bank s profit is… … Investment dictionary
