interest disbursement

interest disbursement
interest disbursement UK US noun [C or U] BANKING, FINANCE
a regular payment of interest that a bank makes on a certificate of deposit (= an investment in which customers earn interest for saving money for a fixed period): »

You can elect to receive interest disbursements monthly or annually.

»

If you don't choose interest disbursement, interest is credited to your certificate of deposit instead.


Financial and business terms. 2012.

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