Time deposit


 

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Time deposit

A savings account or certificate of deposit whose funds are subject to notice (such as 30 days) prior to withdrawal. In the event of early withdrawal a penalty will normally be incurred.

Time deposit

Interest-bearing deposit at a savings institution that has a specific maturity. Related: Certificate of deposit.



Time deposit

Similar Matches

Certificate of deposit

Certificate of deposit

A certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a specified term and on which interest is paid.


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Depository preferred

Device enabling an issuer to circumvent an arbitrary corporate limit on the number of preferred shares issuable. Applies mainly to convertible securities.


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Day of deposit to day of withdrawal account

A bank account that pays interest according to the number of days that the money is actually on deposit.


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Federal Deposit Insurance Corporation (fdic)

The federal corporation which insures against loss of deposits in banks, up to a maximum amount.


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American Depository Share (ADS)

Foreign stock issued in the US and registered in the ADR system.


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