Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.
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Fixed Deposit is a financial instrument issued by banks or NBFCs that provides borrowers with a higher interest rate than a normal savings account, until the due date. They may or may not require a separate account to be established.
Baltic-Slavic languages include Latvian and Lithuanian, which are spoken (of course) in Latvia and Lithuania. Those countries are located on the Baltic Sea in northern Europe, sort of smashed between Scandinavia, Russia, and Poland.