time deposit

Definition

Savings account or CD held in a financial institution, usually a bank, for a fixed term or with the understanding that the customer can withdraw only by giving advanced notice.

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Related Terms on BusinessDictionary

fixed deposit
early withdrawal penalty
effective annual return
residual income
non-depository financial institution
notice account
rate of return rule
savings certificate
term deposit

commercial finance company
cost of money
depository institution
required rate of return
certificate of deposit (CD)
credit union
liquid asset
commercial bank

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time deposit is ...

... part of the Banking subject.

Nearby Terms

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tight money
tighten
tilted portfolio
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