time deposit

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Related to Time deposits: Demand Deposits

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 ?

The IC said the savings or time deposit and UITF should be maintained with and managed by a duly authorized bank with satisfactory examination ratings from the Bangko Sentral ng Pilipinas (BSP), pursuant to Section 34 of Republic Act 9829 or the Pre-Need Code of the Philippines.

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A dollar time deposit is an interest-bearing bank account deposited in dollars with a specified period of maturity.

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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.

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"Real-time deposit rates have been negative in UAE since 2013, which discouraged people to save in time deposits," M.R.

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- one third of twelve-month time deposits is immediately released and becomes available in clients` current accounts;

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Last year, many investors switched their funds from demand deposits to time deposits, due to the European-debt crisis.

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M2 consists of cash in circulation, demand deposits, quasi-money which consists largely of time deposits, and certificates of deposit at domestic banks including Japanese branches of foreign banks.

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Aizawa said, ''There is fear that confusion may occur with massive shifting of deposits after the termination (of the guarantee),'' given the current situation of time deposits flowing into ordinary deposit accounts.

LDP to study extension of full deposit guarantee

In their attempt to fulfill their liquidity demand, a growing number of banks have started to rely on call money and time deposits for funds.

TIME DEPOSIT INTEREST RATES SOAR

Small time deposits are the component of M2 where the largest adjustments have taken place.

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The new statement permits banks, savings institutions and credit unions to report, in a statement of cash flows, net cash receipts and payments for deposits placed and withdrawn, time deposits accepted and repaid and loans made and collected.