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time deposit
(redirected from Small-denomination time deposit)

    Also found in: Wikipedia 0.04 sec.
Time Deposit
A savings account or CD held for a fixed-term with the understanding that the depositor can only withdraw by giving written notice.

Notes:
The term generally is at least 30 days.

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