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 Glossary   >   D   >   "Dual Currency Deposit" Definition   

        Dual Currency Deposit

A fixed deposit with variable terms for the currency of payment. Deposits are made in one currency, but withdrawals at maturity occur either in the currency of the initial deposit or in another agreed upon currency.

Dual Currency Deposit


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Dual Currency Deposit - A fixed deposit with variable terms for the currency of payment. Deposits are made in one currency, but withdrawals at maturity occur either in the currency of the initial deposit or in another agreed upon currency.


Dual Currency Deposit : a fixed deposit with variable terms for the currency of payment. deposits are made in one currency, but withdrawals at maturity occur either in the currency of the initial deposit or in another agreed upon currency.