Examlex
A certificate of deposit is an instrument containing an acknowledgement by a bank that it has received a deposit of money and a promise by the bank to repay the sum of money.
Income
The money received by an individual or entity in return for their labor, from transfers, or from investments.
Middle Three Quintiles
The middle three quintiles refer to the middle segments of a population when it is divided into five equal parts based on income or wealth, often used to represent the middle class.
Income Received
The total earnings obtained by individuals or entities, typically through employment, investments, or other sources, during a specified period.
Lower Two Quintiles
Refers to the bottom 40% of a population when it is divided into five equal groups according to income levels.
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