Cryptocurrency Q&A
What does FTD mean bank?
What does FTD mean bank?
emma_carter_doctor
Wed Jun 26 2024
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7 answers
1648
Could you please clarify the meaning of "FTD" when referenced in the context of banking? I've encountered this term in discussions about cryptocurrency and finance, but its specific banking definition is unclear to me. Does "FTD" stand for a particular service, transaction type, or financial obligation? Is it a common acronym in banking terminology? And if so, could you elaborate on its significance and how it might impact financial transactions or operations? Your insight into this matter would be greatly appreciated.
7 answers
CryptoLegend
Fri Jun 28 2024
A fixed term deposit, commonly referred to as FTD, represents a financial instrument utilized by individuals or companies.
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CoinPrince
Fri Jun 28 2024
This investment product involves depositing a specific amount of money into a financial institution for a predetermined duration.
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KpopHarmonySoulMate
Fri Jun 28 2024
The core feature of an FTD lies in its fixed-interest rate nature, which is agreed upon prior to the deposit.
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Caterina
Fri Jun 28 2024
The interest rate serves as a form of remuneration for the depositor, compensating them for the temporary loss of funds.
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Eleonora
Thu Jun 27 2024
Both natural persons and legal entities, such as companies, can opt for FTDs as a means of savings or capital management.
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