Business / Taxes / Certificate Of Deposit (CD): CDs are time deposits. When you purchase a CD from a bank, up to $100,000 is insured by the Federal Deposit Insurance Corporation (FDIC). You generally earn compound interest at a fixed rate, which is determined by the current interest rate and the CD's term, which can range from a week to five years. However, rates can vary significantly from bank to bank. You usually face a penalty if you withdraw funds before your CD matures, often equal to the interest that has accrued up to the time you make the withdrawal.
Deposit Noun Synonyms: precipitate, sediment, silt, alluvium, dregs, lees, accumulation, deposition
Deposit Adjective Synonyms: place, leave, set or put or lay (down), drop, plunk down
Deposit Verb Synonyms: entrust, leave, lodge, consign, keep, place, put, store, save, set aside, bank, lay or put away, pay in, stash away
Business / Taxes / Time Deposit: When you put money into a bank or savings and loan account with a fixed term, such as a certificate of deposit (CD), you are making a time deposit. Time deposits may pay interest at a higher rate than MORE
Business / Agriculture / Personal Responsibility and Work Opportunity Reconciliation Act Of 1996: P.L. 104-193 (September 22, 1996) was labeled as a major 'welfare reform' initiative. In addition to provisions making major changes to federal cash welfare, medicaid, work, and child care development MORE
Business / Agriculture / Perishable Agricultural Commodities Act (PACA) Of 1930: P.L. 71-325 (June 10, 1930), as amended, regulates the buying and selling of fresh and frozen fruits and vegetables to prevent unfair trading practices and to assure that sellers will be paid promptly MORE