Share this entry
time deposit Line breaks: time de|posit

Definition of time deposit in English:


A deposit in a bank account that cannot be withdrawn before a set date or for which notice of withdrawal is required.
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:
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Subscribe to remove ads and access premium resources