What is term Deposit and Term Loan
This query is : Resolved
CA R SEETHARAMAN
(Expert)
17 February 2025
In Term Deposits, the sum of money is kept for a fixed maturity and the depositor is not allowed to withdraw this sum till the end of the maturity period.
A term loan is a loan where a specific amount of money is repaid in fixed installments over a set period of time.
A term loan is a loan where a specific amount of money is repaid in fixed installments over a set period of time.
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