time deposit
- noun
- /taɪm dɪˈpɒzɪt/
- Specialized
:
depósito a plazo
- Before opening a time deposit, make sure you understand the withdrawal restrictions and the interest rate offered.
Examples
-
Cash equivalents include time deposits maturing within 90 days unless renewed.
Academic text (1998) -
Large denomination ($100,000 or more) time deposits also have zero reserve requirements but are not included in M2.
Academic text (1992) -
Most of the growth in households' liquid assets comes from growth in saving and time deposits.
Blog text (31) -
Understandably, the accounts offer interest rates that are substantially lower than those on normal time deposits.
Blog text (2) -
Among indirect taxes is a special category of educational tax levied on interest yielded from savings accounts, including time deposits.
Academic text (1992) -
Specifically, he provides a sketch of the potential path of banking in which individuals and firms no longer hold demand deposits, but rather assets like time deposits and money market mutual funds that are free from reserve requirements and yet, in the case of the latter, are still able to provide check-writing services because of the existence of efficient short-term debt markets.
Academic text (2017) -
This is not so surprising since, if depositors view WMPs as effectively underwritten by state-owned banks and if the yield is still significantly higher than ordinary bank deposits, as is the case, then why would they keep their money in an ordinary bank time deposit unless they needed the cash for transactional purposes?
Blog text (19) -
Many investors choose a time deposit to earn a higher interest rate while securing their funds for a specific period.
-
She decided to invest her savings in a time deposit account that would mature in two years.
Synonyms
3
4.1
A paper from a bank showing you deposit money for a fixed time to earn interest
2
3.9
A bank account where you leave money for a fixed time and often cannot take it out without notice
A bank account that keeps money for a fixed time with fees for withdrawing early
How Liquid
Surface Forms
Morphology
The meaning 'a bank deposit held for a specific period' is directly derivable from combining 'time' (a period/duration) with 'deposit' (money placed in a bank). This noun–noun composition is common cross-linguistically and follows a transparent logic, so a B1 learner who knows both words will likely infer the basic meaning even if they might not grasp technical details about certificates or withdrawal rules.
Etymology
The noun time deposit comes from the simple idea of putting money (a deposit) into the bank for a fixed time, like placing cash in a locked box with a clock counting down. So a time deposit means money you leave until a 'set date' — you usually get higher interest but cannot take it out early.