A(n) deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term. whereby the depositor can only withdraw the funds after giving notice. (Use one word for the blank.)
Question
A(n) deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term. whereby the depositor can only withdraw the funds after giving notice. (Use one word for the blank.)
Solution
The word that fits the blank is "Term". So, the sentence would read: "A Term deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term. whereby the depositor can only withdraw the funds after giving notice."
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