time deposit

American

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a deposit that can be withdrawn by the depositor only after giving advance notice or after an agreed period of time has elapsed.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 British

noun

a bank deposit from which withdrawals may be made only after advance notice or at a specified future date Compare demand deposit

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of time deposit

An Americanism dating back to 1850–55

Compare meaning

How does time-deposit compare to similar and commonly confused words? Explore the most common comparisons:

demand deposit vs. time deposit

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Since cresting in the first quarter of 2022, savings and time deposit balances have tumbled by more than $1.2 trillion.

From Reuters • Jun. 8, 2023

Most big Manhattan commercial banks lifted their rates from 4�% to 4�% on certificates of deposit�the most popular form of time deposit.

From Time Magazine Archive

In all such cases the time deposit is serving both as an investment and as a monetary fund for future use.

From Modern Economic Problems Economics Volume II by Fetter, Frank Albert

He was broad-shouldered and powerful, and would stride ahead with two weaklings at a time, deposit them on the trail and go back for others who could not keep up.

From The Expedition of the Donner Party and its Tragic Fate by Houghton, Eliza Poor Donner

It is true that coarser material may hence be carried further, and at the same time deposit itself on a reduced slope.

From The Earth as Modified by Human Action by Marsh, George P.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023