time deposit

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time deposit

n.
A bank deposit that cannot be withdrawn before a date specified at the time of deposit.

time deposit

n
(Banking & Finance) a bank deposit from which withdrawals may be made only after advance notice or at a specified future date. Compare demand deposit

time′ depos`it



n.
a bank deposit that can be withdrawn without penalty only after a specified period of time.
[1850–55, Amer.]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.time deposit - a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date
certificate of deposit, CD - a debt instrument issued by a bank; usually pays interest
Translations
Termineinlage
References in periodicals archive ?
We now adjust the savings and checkable deposit components for the effects of retail sweep programs and have improved the measures of savings and small-denomination time deposit rates in the Regulation Q era.
Small-denomination time deposit at commercial banks and thrift institution, 2.5-year and longer maturity
M2 is defined as M1 plus savings deposits, small-denomination time deposits (less than $100,000), and retail money market mutual fund shares.
M2: M1 + Savings deposits, including MMDAs (money market deposit accounts) + Small-denomination time deposits + Retail money market mutual funds M3: M2 + Institutional MMMFs (money market mutual funds) + Large-denomination time deposits + Repurchase agreements + Eurodollars MZM (Money zero maturity): M2 - Small-denomination time deposits + Institutional MMMFs Note: The basic framework for these definitions was adopted in 1980.
Other 11.96 11.67 Liabilities 93.33 92.82 Interest-bearing liabilities 76.58 75.32 Deposits 64.45 62.94 In foreign offices 8.55 8.37 In domestic offices 55.90 54.56 Other checkable deposits 6.72 7.65 Savings (including MMDAs) 18.00 20.28 Small-denomination time deposits 21.30 19.21 Large-denomination time deposits 9.89 7.42 Gross federal funds purchased and RPs 7.09 7.02 Other 5.03 5.36 Non-interest-bearing liabilities 16.75 17.50 Demand deposits in domestic offices 12.59 13.24 Revaluation losses on off-balance-sheet items(2) n.a.
Finally, the authors also restore the yield-curve adjustment for composite assets, which they removed from published data during 2004 as they explored the unusual behavior of the user cost data for small-denomination time deposits.
2.61 Other 12.18 11.96 11.67 11.50 10.84 Liabilities 93.60 93.33 92.82 92.15 92.12 Interest-bearing liabilities 76.53 76.58 75.32 73.92 71.86 Deposits 63.44 64.45 62.94 60.26 57.34 In foreign offices 9.26 8.55 8.37 8.32 9.39 In domestic offices 54.18 55.90 54.56 51.94 47.96 Other checkable deposits 6.19 6.72 7.65 8.24 7.80 Savings (including MMDAs) 16.59 18.00 20.28 20.91 19.60 Small-denomination time deposits 19.96 21.30 19.21 16.98 15.33 Large-denomination time deposits 11.44 9.89 7.42 5.81 5.23 Gross federal funds purchased and RPs 8.03 7.09 7.02 7.47 7.60 Other 5.07 5.03 5.36 6.19 6.92 Non-interest-bearing liabilities 17.07 16.75 17.50 18.23 20.26 Demand deposits in domestic offices 12.79 12.59 13.24 13.86 13.49 Revaluation losses on off-balance-sheet items(2) n.a.
As yields on small-denomination time deposits fell to very low levels by standards of recent years, a portion of these funds apparently shifted into stock and bond markets in a search for higher returns.
The strength in retail accounts was concentrated in small-denomination time deposits, a traditional source of funding for thrift institutions.
Early in the year, rising market interest rates buoyed the growth of small-denomination time deposits at the expense of more liquid deposits, as rates on the latter accounts adjusted only sluggishly to the upward market movements.

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