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Depositor

In the world of finance, those who entrust their funds to a bank are referred to as depositors. These individuals serve as the primary lenders, with the expectation of receiving their money back at the conclusion of the deposit period. In essence, depositors play a crucial role in the banking system by providing the necessary funds for financial institutions to operate and grow.

Simple Interest

In the world of finance, one of the fundamental concepts is simple interest. It involves multiplying the interest rate by the principal amount and the number of periods. Unl...

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Borrower

A borrower, whether an individual or a company, is someone who obtains money from a lender for a specific purpose. The borrowed funds are utilized for a set period of time, ...

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Receipt

A vital document demonstrating an investor's deposit to a bank, known as a certificate of deposit. It provides essential information such as the deposited amount, interest p...

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Fixed deposit

A fixed deposit is a financial tool where an individual deposits a certain amount of money to a bank, financial institution, or company. In return, the receiving entity pays...

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