time deposit
time deposit
time deposit
time′ depos`it
n.
| Noun | 1. | time deposit - a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date |
| 单词 | time deposit | |||
| 释义 | time deposittime deposittime deposittime′ depos`itn.
time depositTime depositTerm Deposittime depositTime deposit.When you put money into a bank or savings and loan account with a fixed term, such as a certificate of deposit (CD), you are making a time deposit. Time deposits may pay interest at a higher rate than demand deposit accounts, such as checking or money market accounts, from which you can withdraw at any time. But if you withdraw from a time deposit account before the term ends, you may have to pay a penalty -- sometimes as much as all the interest that has been credited to your account. Some other time deposits require you to give advance notice if you plan to withdraw money. time depositsee COMMERCIAL BANK.time deposit
Words related to time deposit
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