What Is a Certificate of Deposit

question 24

Essay

What is a certificate of deposit?

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Definitions:

Voidable Title

A title to goods that is valid until annulled or rescinded due to certain conditions, such as fraud or misrepresentation.

Good-faith Purchaser

indicates a person who buys property without knowledge of any circumstances which would make the purchase dishonest or unfair.

Void Title

A title to property or an asset that is invalid from the start and has no legal effect.

Merchant

an individual or business that is involved in the trading of goods, services, or commodities for profit.