In states, with the housing pricing dropping down and inventory of houses( houses for sale) piling up, where does the cash flow to then?
In Canada, the house pricing is high unexpectly, what is next?
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Cash Flow
JustaVisitor 发表评论于
in Cananda, we have t-bills, commercial papers, GICs, they work in same ways with CDs in states.
漫游 发表评论于
http://legal-dictionary.thefreedictionary.com/certificate+of+deposit:
certificate of deposit (CD) n. a document issued by a bank in return for a deposit of money which pays a fixed interest rate for a specified period (from a month to several years). Interest rates on CD's are usually higher than savings accounts because banking institutions require a commitment to leave money in the CD for a fixed period of time. Often there is a financial penalty (fee) for cashing in a CD before the pledged time runs out.
certificate of deposit (CD) n. a document issued by a bank in return for a deposit of money which pays a fixed interest rate for a specified period (from a month to several years). Interest rates on CD's are usually higher than savings accounts because banking institutions require a commitment to leave money in the CD for a fixed period of time. Often there is a financial penalty (fee) for cashing in a CD before the pledged time runs out.
JustaVisitor 发表评论于
oh, pardon me. I just saw your answer today. i hope it is not too late to know and invest now...:)
welcome and thank you for visiting and much appreciate your answers
btw, what does "CDs" mean?
漫游 发表评论于
To stock, bond, CDs and gold.
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