savings certificate

  

Definition

Receipt issued by a savings institution (bank, building society, credit union, etc.) to certify the ownership of a fixed or time deposit. Among other items of information, it shows the account holder's name, applicable interest rate or scheme, amount deposited, and maturity date.

Related Videos




http://www.businessdictionary.com/definition/savings-certificate.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z