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Glossary   >   T   >   "Time deposit" Definition            Time deposit Interest-bearing deposit at a savings institution that has a specific maturity. Related: certificate of deposit. A savings account or certificate of deposit whose funds are subject to notice (such as 30 days) prior to withdrawal. In the event of early withdrawal a penalty will normally be incurred. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Time deposit - Interest-bearing deposit at a savings institution that has a specific maturity. Related: certificate of deposit.

A savings account or certificate of deposit whose funds are subject to notice (such as 30 days) prior to withdrawal. In the event of early withdrawal a penalty will normally be incurred.