What does time deposit mean?
Definitions for time deposit
time de·posit
This dictionary definitions page includes all the possible meanings, example usage and translations of the word time deposit.
Princeton's WordNet
time depositnoun
a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date
Wiktionary
time depositnoun
a deposit in a bank that cannot be withdrawn before a specified date
ChatGPT
time deposit
A time deposit is a type of savings account or certificate of deposit in which money is deposited for a specified period of time and can only be withdrawn after that time period without incurring penalties. The banks or financial institutions reward such deposits with a higher interest rate compared to regular savings accounts. The term of time deposits can range from a few months to several years.
Wikidata
Time deposit
A time deposit is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time. When the term is over it can be withdrawn or it can be held for another term. Generally speaking, the longer the term the better the yield on the money. In its strict sense, certificate deposit is different from that of time deposit in terms of its negotiability: CDs are negotiable and can be rediscounted when the holder needs some liquidity, while time deposits must be kept until maturity. The opposite, sometimes known as a sight deposit or "on call" deposit, can be withdrawn at any time, without any notice or penalty: e.g., money deposited in a checking account or savings account in a bank. The rate of return is higher than for savings accounts because the requirement that the deposit be held for a prespecified term gives the bank the ability to invest it in a higher-gain financial product class. However, the return on a time deposit is generally lower than the long-term average of that of investments in riskier products like stocks or bonds.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of time deposit in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of time deposit in Pythagorean Numerology is: 9
Translations for time deposit
From our Multilingual Translation Dictionary
- termínovaný vkladCzech
- terminuotasis indėlisLithuanian
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"time deposit." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/time+deposit>.
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