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Texas Health Spa Assignment of Certificate Of Deposit

Category:
Texas Secretary of State - Health Spas
State:
Texas
Control #:
TX-HS-3004
Format:
PDF
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Description

Health Spa Assignment of Certificate Of Deposit Texas Health Spa Assignment of Certificate Of Deposit (CD) is an agreement between a bank and a customer. This agreement allows the customer to assign a certificate of deposit (CD), which is a type of savings account, to the Texas Health Spa for a set period of time. The CD is held at the bank, and the Texas Health Spa has no access to it. During the assigned period, the bank pays the Texas Health Spa the interest rate specified in the agreement, and the customer continues to receive the same interest rate on the CD. At the end of the term, the customer can then withdraw the CD funds without penalty. There are two types of Texas Health Spa Assignments of Certificate Of Deposit: 1. Fixed-Term Assignment of Certificate of Deposit: This type of CD is assigned to the Texas Health Spa for a set period of time, such as three months or five years. The interest rate is fixed for the duration of the assignment. 2. Variable-Term Assignment of Certificate of Deposit: This type of CD is assigned to the Texas Health Spa for a variable period of time, such as six months to a year. The interest rate may change throughout the assigned period.

Texas Health Spa Assignment of Certificate Of Deposit (CD) is an agreement between a bank and a customer. This agreement allows the customer to assign a certificate of deposit (CD), which is a type of savings account, to the Texas Health Spa for a set period of time. The CD is held at the bank, and the Texas Health Spa has no access to it. During the assigned period, the bank pays the Texas Health Spa the interest rate specified in the agreement, and the customer continues to receive the same interest rate on the CD. At the end of the term, the customer can then withdraw the CD funds without penalty. There are two types of Texas Health Spa Assignments of Certificate Of Deposit: 1. Fixed-Term Assignment of Certificate of Deposit: This type of CD is assigned to the Texas Health Spa for a set period of time, such as three months or five years. The interest rate is fixed for the duration of the assignment. 2. Variable-Term Assignment of Certificate of Deposit: This type of CD is assigned to the Texas Health Spa for a variable period of time, such as six months to a year. The interest rate may change throughout the assigned period.

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