TERMIUM Plus®

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

NONDEPOSIT ACCOUNT [1 record]

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Record 1 2009-03-18

English

Subject field(s)
  • Banking
CONT

Typically trust assets are not held as bank deposits but are held by bank trust departments. These non-deposit accounts are not FDIC [Federal Deposit lnsurance Corporation] insured.

CONT

... funds may be swept or transferred from a noninterest-bearing transaction account to another type of deposit or nondeposit account.

Key term(s)
  • non deposit account

French

Domaine(s)
  • Banque
CONT

Pour les entités financières [:] Vous offrez les services suivants : services de comptes sans dépôt (par exemple, les produits d'investissement sans dépôt et l'assurance) [...]

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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