Banking

Curt

New member
Jan 14, 2003
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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
 

Ken

Well-known member
Jan 1, 2002
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In the US as well as in the DR, CD means Certificate of Deposit.
 

Curt

New member
Jan 14, 2003
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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
 

Curt

New member
Jan 14, 2003
51
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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