What Is the Difference Between a Standard SELECT Statement and a SELECT...FOR

question 132

Essay

What is the difference between a standard SELECT statement and a SELECT...FOR UPDATE statement?​

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Definitions:

Term Deposit

A fixed-term investment held at a financial institution that pays interest until a specified maturity date.

Simple Interest Rates

The rate at which interest is calculated solely on the initial amount of capital, without compounding.

Principal Investment

The original amount of money invested or loaned, on which basis interest and returns are calculated.

GIC

Stands for Guaranteed Investment Certificate, a secure investment that promises to return your principal plus interest.