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Term Deposit

An account with a bank or other deposit-taking financial institution in which you put money for a fixed term e.g. 6 months or a year. You are paid an agreed rate of interest and your money is repaid at the end of the term. Term deposits are debt securities.

Trust Deed

A legal document that sets out what a fund manager can do with investors' money. The deed also explains investors' rights, such as the trustees' powers to look after investors' interests.


A person appointed to look after investors' interests for certain securities e.g. those offered by credit unions, building societies and finance companies, and for unit trusts.