Industry WIKI

A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. The term fixed deposit is most commonly used in India and the United States. It is known as a term deposit or

Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.

In the mortgage industry of the United States, mortgage servicing rights (MSR) are the contractual rights to service a mortgage after the mortgage origination process is complete. Mortgage servicing is the management of the repayment of mortgage debt on behalf of the lender, including the collection and recording of mortgage payments. The legal entity that holds the mortgage servicing ri