time deposit

American  

noun

Banking.

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 a deposit that can be withdrawn by the depositor only after giving advance notice or after an agreed period of time has elapsed.

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time deposit British  

noun

1. 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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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

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

From the standpoint of the depositor a time deposit is, by its very nature, an investment and not a demand credit available for current monetary uses.

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

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

More appalling still, the female of the common flesh fly will at one time deposit 20,000 eggs.

From God and the World A Survey of Thought by Robinson, Arthur William