Certificate of Deposit
It is deposit of money greater than B/.10,000.00 agreed for a term of more than 30 days.
Frequently Asked Questions (FAQs)
- Can I increase or decrease the amount and term?
A. One cannot reduce the agreed term. However, one can establish an increase before the expiration date, prior agreement between the parties, for a term equal or higher than one year. As for the term agreed, the parties must always honor it.