What are the term deposits of businesses known as?

Question

Quizplus · Accepted Answer

The term deposits of businesses are known as Certificate of Deposits (CDs). These are financial products offered by banks and other financial institutions that mature after a specific period of time, usually ranging from a few months to several years. They typically offer higher interest rates compared to other types of deposits, but funds cannot be withdrawn before maturity without penalty fees.

What Are the Term Deposits of Businesses Known As