What is the Definition of Time Deposit?

What is the Definition of Time Deposit?

Funds that are held in a savings account for a predetermined period of time at a set interest rate. Banks can refuse to allow withdrawals from these accounts until the period has expired or assess a penalty for early withdrawals.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Time Deposit?

You can find random definition and meaning of insurance terms below:


What is the meaning of Manufacturers Output Policies

provides broad form coverage of personal property of an insured manufacturer including raw material, goods in process, finished goods and goods shipped to customers.


What is the meaning of Margin Premium

a deposit that an organization is required to maintain with a broker with respect to the Futures Contracts purchased or sold.


What is the meaning of Market Value

fair value or the price that could be derived from current sale of an asset.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Time Deposit?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter