time deposit

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Time deposit

Interest-bearing deposit at a savings institution that has a specific maturity. Related: Certificate of deposit.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

time deposit

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Only total dollar amounts, summed across all maturities, are reported for the following categories: small-denomination time deposits at commercial banks and thrift institutions; large-denomination time deposits; total Eurodollar deposits; total repurchase agreements; bankers acceptances; short-term Treasury securities; and commercial paper.(18) This bundling of assets with different maturities into monetary asset sub-indexes causes difficulty.
Financial institutions have moved especially to curb acceptance of high-interest, large-denomination time deposits. Given the banks' greater reluctance to lend, the diffusion index of bank-loan availability has improved much less in relation to the fall in the short-term prime rate than past experience would have indicated.(12) Operationally, this would appear to reflect more severe non-price credit restrictions or more stringent collateral policies.
M2 contracted further in October while M3 expanded at a moderate pace, buoyed by continued rapid growth in large-denomination time deposits. For the year through October, M2 grew at a rate at the bottom of the Committee's range for 1994 and M3 at a rate in the lower half of its range for the year.
M2 and M3 changed little in May and appear to have contracted in June; both retail and large-denomination time deposits continued to run off rapidly.

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