A non-negotiable deposit for a specific term.
Funds placed on deposit in a bank, company or post office at a fixed rate of interest.
Deposits in bank accounts that lock in funds for a specific period, usually at a specific rate of interest, with a penalty for early withdrawal. Also known as Time Deposit.
A deposit made to an account that is intended to remain in that account for a specific time period that bears a specific rate of interest. · See Also · Term Deposit · Certificate of Deposit