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Thread: Banking

  1. #1
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    Default Banking

    What are CD's in reference to banking? I thought it meant Cash Deposit, but after reading a few articles I don't think thats what you guys are referring to.

    Thanx, Curt

  2. #2
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    In the US as well as in the DR, CD means Certificate of Deposit.

  3. #3
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    I think in Canada they are called a GIC

  4. #4
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    Ahhhh, a GIC. Simply put, an investment locked in for a certian period of time at a certain percenatge.

    Thank you kindly, Curt

  5. #5
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    Sheesh Curt, I didn't know you were a Cannuck. I would have been happy to explain it to you if I had known you weren't American.

  6. #6
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    Not a problem Jazzcom, It was a simply question with a simple answer. That is what I had thought is basically was anyway, I just wanted to confirm it.

    Thanx, Curt

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