The
Definition Of

Inter corporate deposits

Inter Corporate Deposits is to deposit another company not more than one month on 12% to 15% interest.It is easy to convert cash but having more risk.

According to Khan and Jain, “Inter corporate deposits, that, is short term deposits, with others companies.”

Share it:

More from this Section

  • Cash Credit (CC)
    Cash Credit (CC) is an arrangement whereby the bank gives a short-term loan against the self-liquidating security.
  • Aggressive growth mutual fund
    Aggressive growth mutual fund is a mutual fund designed for maximum capital appreciation that places its money in
  • Allocation-of-income
    Allocation-of-income rules mean US tax provisions that define how income and deductions are to be allocated between
  • Theory of asset demand
    Theory of asset demand is the theory that the quantity demanded of an asset is (1) usually positively related to wealth, (2) positively
  • Advice of Fate
    Advice of Fate is a request for advice of status of payment/non payment of a Bill of Exchange.
  • Discount brokerage services
    Discount brokerage services is a bank service to assist customers with purchases and sales of securities as relatively low brokerage fees.
  • Accrual Accounting Convention
    Accrual Accounting Convention is an accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses.