TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

NONCHECKABLE SAVINGS DEPOSIT [1 record]

Record 1 2010-12-20

English

Subject field(s)
  • Banking
CONT

Changes in rates paid by the banks on non-chequable savings deposits generally matched changes in their prime lending rates.

CONT

FEDERAL RESERVE DEFINITIONS OF MONEY (the Ms): M1 is currency and checkable deposits; M2 is M1 and non-checkable savings deposits, money market deposit accounts, small (<$100K) time deposits, and money market mutual funds ...

CONT

... it becomes immediately clear that noncheckable savings deposits at commercial and savings banks as well as the share accounts of savings and loan associations operate likewise as instantaneously redeemable, par-value claims to definite quantities of currency.

Key term(s)
  • nonchequable saving deposit

French

Domaine(s)
  • Banque
CONT

Les taux d'intérêt versés par les banques sur les dépôts d'épargne non transférables par chèques ont suivi une évolution analogue à celle des taux de base applicables aux prêts bancaires [...]

CONT

Les dépôts d'épargne non transférables par chèque ont été introduits par les banques à charte en mai 1967, à la suite de la révision de la Loi sur les banques.

Spanish

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