Meaning of the word "short-term deposit" in English
What does "short-term deposit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
short-term deposit
US /ʃɔːrt tɜːrm dɪˈpɑː.zɪt/
UK /ʃɔːt tɜːm dɪˈpɒz.ɪt/
Noun
a sum of money placed in a bank account for a relatively brief period, typically less than one year, often earning a fixed rate of interest
Example:
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The company decided to put its excess cash into a short-term deposit.
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Interest rates on a short-term deposit are usually lower than those for long-term investments.
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