Certificates of deposit
- A periodic deposit certificate that can be transferred to a third party
- The period is more than 30 days, and some are over a year, but most are 90 to 180 days
- Anyone can withdraw a deposit by presenting a transferable deposit certificate to the bank on the maturity date
- In a simple way, unlike a savings passbook, CDs usually do not have a name written on the bankbook (at least in South Korea)
- Since it has no name, it can be sold to anyone
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