TERMIUM Plus®

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

DEPOT CONVERTIBLE [1 record]

Record 1 1989-06-12

English

Subject field(s)
  • Banking
DEF

A deposit where the funds are converted into a foreign currency and are placed on deposit with a bank which, through a forward contract, has undertaken to convert them back to the domestic currency at maturity.

French

Domaine(s)
  • Banque
DEF

Fonds convertis en monnaies étrangères et confiés à une banque qui s'engage, par un contrat à terme, à les reconvertir en monnaie nationale à l'échéance.

Spanish

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