Ciclade

Glossary : Letter H

Holder

Any natural person or legal entity owning a bank account. If the account is held by several different persons, they are called joint account holders.

Home ownership savings account (CEL)

Regulated savings product whose funds can be accessed at any time.

Home ownership savings scheme (PEL)

Savings product making it possible to save with a view to obtaining a loan at the prime rate and a subsidy from the State.