![source](http://test.gradstudentfinances.org/wp-content/uploads/2014/12/midterm_investment-300x190.jpg)
Mid-term savings have a time horizon of a few years and are larger in scope than short-term savings. Examples of mid-term savings might be a car replacement fund or a down payment on a house. This money may be conservatively invested or kept in cash-equivalents depending on the timeline and the risk tolerance of the investor.
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