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View synonyms for time deposit
time deposit
noun
, Banking.
- a deposit that can be withdrawn by the depositor only after giving advance notice or after an agreed period of time has elapsed.
time deposit
noun
- a bank deposit from which withdrawals may be made only after advance notice or at a specified future date Compare demand deposit
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Word History and Origins
Origin of time deposit1
An Americanism dating back to 1850–55
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