fixed deposit Meaning in the Cambridge English Dictionary
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Meaning of “fixed deposit” in the English Dictionary

"fixed deposit" in Business English

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fixed depositnoun [C or U]

uk   us  
BANKING, FINANCE an ​arrangement with a ​bank in which you ​leave your ​money in an ​account for a particular length of ​time, in ​order to get a ​higherrate of ​interest that is ​fixed: a fixed-deposit ​account She ​invested the ​money on ​fixeddeposit for six months.
(Definition of fixed deposit from the Cambridge Business English Dictionary © Cambridge University Press)
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