cyun4 fun2 zing3存款證存款证
Definition
Certificate of deposit; a financial product similar to a time deposit but tradable before maturity and not deposit-insured.
How it's used
Banks issue these as a way to raise capital, functioning similarly to a bond but often with a shorter maturity period. Unlike standard savings accounts, these are negotiable instruments, meaning you can sell them on the secondary market before they mature if you need liquidity. Note that they are generally not covered by the Deposit Protection Scheme, which is a crucial distinction for retail investors.
Measure word
zoeng1張jēungExamples
Related words
Common phrases
Common mistake
Learners often confuse these with regular fixed deposits, but the key difference is liquidity and protection. You cannot simply withdraw money from a fixed deposit before the term ends without penalty, whereas a certificate of deposit can be traded, though its market value may fluctuate.
Grammar color guide
Grammar guides
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- ParticlesSentence particles add tone, emotion, and nuance. Learn the most common particles in Cantonese and how to use them.
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