a deposit that can be withdrawn by the depositor only after giving advance notice or after an agreed period of time has elapsed.
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Origin of time deposit
An Americanism dating back to 1850–55
Words nearby time deposit
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for time deposit
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