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Finance Dictionary and Glossary of Investment Terms
time deposit
Definition 1.
Savings account or CD held in a financial institution, usually a bank, for a fixed term or with the understanding that the customer can withdraw only by giving advanced notice.
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Definition 2.
Interest-bearing deposit at a savings institution that has a specific maturity. Related: Certificate of deposit.
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Definition 3.
A savings account or CD held for a fixed-term with the understanding that the depositor can only withdraw by giving written notice.
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