Term Deposit
is like a GIC inasmuch that an investor deposits money for particular term and at a particular rate.
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Definition
Term deposit
Funds deposited in a savings account, the terms of which impose a financial penalty if funds are withdrawn before a specified date.
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A term deposit is a fixed investment of currency into a financial institution with a set time limit as to when it can be withdrawn.
Term Deposit
A deposit held at a financial institution that has a fixed term. These are generally short-term with maturities ranging anywhere from a month to a few years.
Term deposit rates are around 6.5% for 3 years, although you can get higher, and Government Bonds offer around 6%.
Bank term deposits might be a better option in some situations (and with reduced risk).
Bank Investment Contracts (BICs): BICs are the negotiated-term deposits issued by a commercial bank.
term deposit A savings account or CD that is held by a financial institution, usually a bank,... term insurance Insurance that only provides protection for a specified period of time. There...
Savings and Loan Investment Contracts (SLICs): A negotiated-term deposit issued by a savings and loan.
Scallop: One of a series of curves shaped like semicircles that form a border.
A representative panel of banks provide daily quotes of the rate, rounded to two decimal places, that each panel bank believes one prime bank is quoting to another prime bank for interbank term deposits within the Euro zone, ...
The LIBOR rate is established by the interest rates that are offered for short term deposits by banks that are trading in the London money market.
Offered Rate. Money on fixed term deposit at banks. FIBOR:
Frankfurt Inter-bank:
An order which must be entered for trading, normally in a pit three times, if not filled is immediately cancelled.
Bank Investment Contracts (BICs)
A negotiated-term deposit issued by a commercial bank. See Guaranteed Investment Contracts (GICs).
Bar Chart
Used to plot price movements using vertical bars indicating price ranges.
Euribor (Euro Interbank Offered Rate) is the benchmark rate at which euro interbank term deposits within the eurozone are offered by one prime bank to another prime bank.
Up from 15%, effective from 2010-12-06 - Ratio is for requirement on term deposits.[14]
RRR for foreign currency positions increased to 43.00 on 2010 July 15 [3]
China
21.50 ...
M2 consists of M1 and all savings or short-term deposits. It also includes certain short-term assets such as the amounts held in money-market mutual funds. M3 is the total of M1 and M2 as well as the assets and liabilities of banks.
Both these kinds of the companies have short-term deposits to hold their currency. That's why these companies don't use the Forex market directly due to using commercial banks for conversion and depositary operations.
So I can trade very aggressively in currencies because the rest of my money is safe in things that are incredibly boring and conservative, like term deposits at major banks.
 See also: Deposit, Market, Interest, Rate, Bonds
  
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