Definition of time deposit in English:

time deposit

Line breaks: time de|posit

noun

A deposit in a bank account that cannot be withdrawn before a set date or for which notice of withdrawal is required.
More example sentences
  • Even a time deposit at the local bank carries penalties: you generally lose all the interest if you withdraw your money before the contracted maturity date.
  • For instance, there are funds which deal only in instant-access cash, yet pay wholesale rates of interest which only the largest investors would be able to get from a bank or building society time deposit.
  • Dual currency time deposit is another type of account available.

Definition of time deposit in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day guzzle
Pronunciation: ˈgʌz(ə)l
verb
eat or drink (something) greedily