Deposit Note

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Definition: Deposit Note

Deposit Note
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Full Definition of Deposit Note

A certificate issued by a financial institution for funds placed in the institution, with a fixed interest rate and an original maturity of two to five years, that the institution may cash in and give back to the owner prior to the certificate’s maturity. The certificates are backed by federal deposit insurance up to $100,000 in principal and interest and are sold through brokers in the secondary market.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/deposit-note/
Modern Language Association (MLA):
Deposit Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/deposit-note/.
Chicago Manual of Style (CMS):
Deposit Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/deposit-note/ (accessed: April 19, 2024).
American Psychological Association (APA):
Deposit Note. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/deposit-note/

Definition Sources

Definitions for Deposit Note are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.