time deposits

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Definition of time deposits in English English dictionary

time deposit
a deposit in a bank that cannot be withdrawn before a specified date
time deposit
A deposit with a maturity fixed by law of at least 30 days Savings accounts at commercial banks also are regarded as time deposits
time deposit
a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date
time deposit
A bank deposit that cannot be withdrawn before a date specified at the time of deposit
time deposit
Interest bearing deposits at a savings institution that has a specific maturity
time deposit
Interest-bearing deposit at a savings institution that has a specific maturity Related: Certificate of deposit
time deposit
A deposit that requires prior notice to make a withdrawal; cannot be transferred to others by cheque
time deposit
Fixed-term investments which, as a general rule, are invested with a credit institution, for a minimum of 30 days at a fixed interest rate, in order to earn a higher interest rate than with demand deposits Time deposits principally take the form of fixed deposits
time deposit
A deposit set aside intact for a specified period of time or until its maturity date, say, 30 days, before its funds could be withdrawn In case of withdrawal prior to the maturity date, a written notice is required before withdrawal, in which case, a certain provision for pre-termination will apply Back to Top
time deposit
A bank deposit that is not payable on demand
time deposit
Certificate of deposits or savings accounts that are held in a financial institution for a set amount of time The funds cannot be withdrawn until the depositor gives the institution notice Technically, certificates of deposit do not require any notification to withdraw since the date is set beforehand
time deposit
A relationship carrying a specified maturity date, usually bearing interest and restricting the depositor’s ability to make withdrawals before the maturity date
time deposit
interest bearing deposits held at a financial institution for a specific fixed time period
time deposit
For Custodial Accounts, a Time Deposit refers to funds deposited in a savings account or certificate of deposit held in a fnancial institution for a fixed term or with the understanding that the depositor can withdraw the funds only by giving prior notice The notice period required must not exceed seven days after the date on which the monies are deposited Repurchase agreements and commercial paper are not included in this definition (Source: FHLMC Single-Family Seller/Servicer Guide, Glossary) Money held in savings accounts not subject to demand withdrawal
time deposit
A bank savings deposit account subject to at least 30 days' notice before withdrawal of funds Thirty days' notice is the dividing line, used by the Federal Reserve System, between time and demand deposits
time deposits
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