# Fixed deposit, term money; instalment loan

- Canonical URL: https://www.gerhardmerk.de/fixed-deposit-term-money-instalment-loan
- Post ID: 587803
- Modified: 2023-07-25T21:00:13+00:00
- Language: en

## Definition

Money that the customer places at the bank's disposal for a contractually agreed period of time at a specific interest rate; also known as time deposit. Contracts of between three and twelve months are common; the minimum investment amount is usually specified by the bank. The advantage of time deposits for the customer is the guaranteed interest rate, independent of market interest rates. - Amounts borrowed on a fixed (short) term, usually between one day and three months, also called a fixed loan. - Other name for the base rate. - In old documents, a levy for fortress construction, other name for the fixed money. - See deposit money, fixed account, fixed interest, money values, trench money, credit, short-term, blocked account. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1