Question

*terms used by bank personel with meaning
terms used businessman/woman with meaning

Answer 1

Certificate of deposit ( CD ) - It is given to customers who keep their money with the bank for a fixed period for higher rate of interest.  Compound interest - interest given on principal plus accrued interest every year.  Overdraft - A facility in which bank offers funds in excess to the balance in your account. Interest is charged on the amount overdrawn.

Answer 2

Certificate of deposit : It is given to customers who keep their money with the bank for a fixed period for higher rate of interest.  

Compound interest - interest given on principal plus accrued interest every year.  

Overdraft - A facility in which bank offers funds in excess to the balance in your account.