time deposit

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Related to time deposit: time deposit account

Time deposit

Interest-bearing deposit at a savings institution that has a specific maturity. Related: Certificate of deposit.

Term Deposit

A deposit at a bank or other financial institution that has a fixed return (usually via an interest rate) and a set maturity. That is, the depositor does not have access to the funds until maturity; in exchange, he/she is usually entitled to a higher interest rate. One of the most common examples of a term deposit is a certificate of deposit. It is also called a time deposit. See also: Demand deposit.

time deposit

An interest-bearing savings deposit or certificate of deposit at a financial institution. Although the deposits formerly included only deposits with specific maturities (such as certificates of deposit), they now are considered to include virtually all savings-type deposits. Compare demand deposit.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Time deposit.

When you put money into a bank or savings and loan account with a fixed term, such as a certificate of deposit (CD), you are making a time deposit.

Time deposits may pay interest at a higher rate than demand deposit accounts, such as checking or money market accounts, from which you can withdraw at any time.

But if you withdraw from a time deposit account before the term ends, you may have to pay a penalty -- sometimes as much as all the interest that has been credited to your account. Some other time deposits require you to give advance notice if you plan to withdraw money.

time deposit

see COMMERCIAL BANK.

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References in periodicals archive ?

Pre-need companies which already have existing investments in savings or time deposits and UITFs prior to the issuance of the circular are required to submit the names of the trustee company and the bank where the fund was invested and the amount involved within 15 days from the effectivity of the circular.

IC tightens rules on investments of pre-need firms

According to data from domestic banks, dollar time deposits in five commercial lenders ?

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For HSBC Premier, Advance and Personal Integrated Account customers, the three and six-month HK dollar and US dollar time deposit rates will remain unchanged, the bank said.

HSBC increase deposit rates as HIBOR rises

The percentage of time deposits to the aggregate cash savings held by banking customers in the UAE has been on a decline in recent years, while non-consumption lending activity has been sluggish.

'Weak deposits, credit to affect UAE banks' profitability'

"The Iloilo Provincial government invested a portion of its Special Education fund amounting to P46,428,163.63 in a time deposit account instead of using the funds for the specific purposes for which these were intended, contrary to the provisions of Section 1 of R.A.

COA slams Iloilo LGU for depriving public schools of P46.4-M special fund

- one third of twelve-month time deposits is converted into a six-month time deposit maturing and automatically released at 30 January 2015.

CYPRUS: BoC releases ,e1/4927 mn twelve-month time deposits

Bank of Cyprus (BoC) announced on Wednesday it will release 12-month time deposits of worth e1/4927 million that were blocked as part of the terms of its recapitalisation in July 2013.

Bank of Cyprus frees deposits worth ,e1/4927 million

New and existing Time Deposit customers who deposit new funds will enjoy special profit rates of between 3.7% for 37 days and 5% for 37 weeks, provided that the funds are deposited before 3rd February.

ADIB celebrates 37 years of the UAE with 37 weeks of special promotions!

Real Time Deposit provides NCB customers the ability to image-capture check payments at their business location--via a secure internet connection--and deliver the images and information to NCB for immediate electronic deposit into their operating account.

NCB gets real with remote deposit capture

At least on a superficial level, credit crunches, financially troubled banks, and small time deposit shrinkage all seem to be interrelated phenomena.

Banking conditions and the credit crunch: implications for monetary growth and the economy

Proceeds from the long-term negotiable certificates of time deposit (LTNCTDs) would be used to support the bank's asset generation plans and expansion programs, China Bank said in a disclosure to the Philippine Stock Exchange Thursday.

China Bank to offer P20-B high-yield deposit instruments

The Bank has proceeded with the release of the nine-month time deposits in three parts: one third of nine-month time deposits is immediately released and becomes available in clients` current accounts, one third of nine-month time deposits is converted into a three-month time deposit maturing and automatically released atJuly 31, 2014and one third of nine-month time deposits is converted into a six-month time deposit maturing and automatically released on October 31, 2014.