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A CD is a Certificate of Deposit, which is a financial product that pays a higher rate than a traditional savings account in exchange for an agreement that the deposit will remain in the bank for a fixed period of time. Periodic statements are not typically issued for a CD. Some banks such as Bank of America offer a hybrid or flexible savings plan that combines elements of a savings account and a CD. With these accounts, it is possible that a monthly or quarterly statement would be issued.
The abbreviation "CDM" on a bank statement typically stands for "Cash Deposit Machine". A Cash Deposit Machine is a self-service kiosk that allows bank customers to deposit cash into their account without having to visit a bank teller. The machine counts the cash and credits the deposited amount to the customer's account. If you see "CDM" on your bank statement, it means that you deposited cash using a Cash Deposit Machine.The abbreviation "CDM" on a bank statement typically stands for "Cash Deposit Machine". A Cash Deposit Machine is a self-service kiosk that allows bank customers to deposit cash into their account without having to visit a bank teller. The machine counts the cash and credits the deposited amount to the customer's account. If you see "CDM" on your bank statement, it means that you deposited cash using a Cash Deposit Machine.
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CD stand for Compact Disk and CD 4016 stand for compact disk my
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What is CD interest in banking?
CD interest in banking is rate-based income that one makes from keeping money in a CD (certificate of deposit. CD's typically have higher interest rates than regular savings accounts to substitute for the money being less liquid.
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There are several different banking solutions that vary with the business industry. Some include but are not limited to online banking, banking CD's, and payroll manager.
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Telegraphic Transfer
What does the letters in CD rom stand for for kids?
cd-rom stand for Compact Disk - Read Only memory
What does cebs stand for?
Committee of European Banking Supervisors
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it stands for Demand Draft
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Individual Retirement Account.
What is CD ratio in banking?
CD ratio is the credit to deposit ratio in banking parlance. This refers to the percentage of total advances divided by the total deposits of a bank/branch. This signifies what proportion of total deposit is lent to borrowers.
CD stand for?
Compact Disk.
