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a deposit that can be withdrawn by the depositor only after giving advance notice or after an agreed period of time has elapsed.

Origin of time deposit

An Americanism dating back to 1850–55
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for time deposit

time deposit

noun

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