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 ?
Yield-Curve Adjustment of Small-Denomination Time Deposits
The stock of small-denomination time deposits includes deposits with a range of different maturities.
As of this revision, we have simplified the calculation of the own rates of return on small-denomination time deposits. As discussed above, we now use the rates of return on 6-month deposits going back to the mid-1970s as the own rates.
For checkable deposits (demand deposits and OCDs), savings, and small-denomination time deposits, we have summed the amounts at commercial banks and thrift institutions, calculating the user costs by dividing the corresponding summed expenditures by the sum of the quantities.
We therefore set the own rate on small-denomination time deposits at thrift institutions as the commercial bank rate plus 25 basis points.
15 Ceiling on small-denomination time deposits with original maturity of three and one-half years or longer were removed in May 1982, and on all other small-denomination time deposits on October 1, 1983.
Small-denomination time deposits also have several applicable own rates due to the existence of both variable and fixed ceiling-rate time deposits from 1978.06 to 1983.9.
Small-denomination time deposits at commercial and thrift institutions, variable ceiling rates on 91-day maturity
Small-denomination time deposits at banks and that institution, fixed ceiling rate on 1-year maturity
Small-denomination time deposit at commercial banks and thrift institution, 2.5-year and longer maturity

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