Search Dictionary
Time deposit Definition from Language, Idioms & Slang Dictionaries & Glossaries
time deposit
n : a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date
Noun
1. a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date
(hypernym) certificate of deposit, CD
Time deposit Definition from Business & Finance Dictionaries & Glossaries
Interest-bearing deposit at a savings institution that has a specific maturity. Related: certificate of deposit.
Copyright © 2000, Campbell R. Harvey. All Rights Reserved.Time deposit Definition from Encyclopedia Dictionaries & Glossaries
A time deposit (also known as a certificate of deposit in the United States, a term deposit, particularly in Canada, Australia and New Zealand; a bond in the United Kingdom; Fixed Deposits in India and in some other countries) is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time (unless a penalty is paid). When the term is over it can be withdrawn or it can be held for another term. Generally speaking, the longer the term the better the yield on the money.
| See more at Wikipedia.org... |
