Time deposit

Time deposit,

Definition of Time deposit:

  1. A deposit in a bank account that cannot be withdrawn before a set date or for which notice of withdrawal is required.

  2. Time deposits generally pay a slightly higher rate of interest than a regular savings account. The longer the time to maturity, the higher the interest payment will be.

  3. A time deposit is an interest-bearing bank account that has a pre-set date of maturity. A certificate of deposit (CD) is the best-known example. The money must remain in the account for the fixed term in order to earn the stated interest rate.

  4. Depository institution (such as a bank, credit union, or a finance or insurance company) account that pays higher than savings account interest rates but imposes conditions on the amount, frequency, and/or period of withdrawals. A certificate of deposit (CD) is normally issued only for time deposits. Also called fixed deposit.

How to use Time deposit in a sentence?

  1. Time deposits are an extremely safe investment but they have a low rate of return.
  2. A time deposit is an interest-bearing bank account that has a date of maturity, such as a certificate of deposit (CD).
  3. The money in a time deposit must be held for the fixed term to receive the interest in full.
  4. Even a time deposit at the local bank carries penalties: you generally lose all the interest if you withdraw your money before the contracted maturity date.
  5. Typically, the longer the term, the higher the interest rate that the depositor receives.
  6. You may want to put some of your cash in a time deposit so that you can get more interest on it while it is there.
  7. My friend told me that he was fine with the limitations the time deposit would put on him and he created it anyways.
  8. My CD, or time deposit , at the local bank down the street is for five years, but they will penalize me if I try to withdraw earlier than that.

Meaning of Time deposit & Time deposit Definition

Time Deposit,

What is The Definition of Time Deposit?

Time deposits are bank accounts that receive interest with a predetermined maturity date. Deposit slips (CDs) are the most popular example. The amount must be kept in the account for a certain period of time in order to get the specified interest rate.

  • Fixed term deposits are bank accounts that earn interest with an expiration date. B. Deposit slip (CD).
  • The amount in the temporary deposit must be maintained for a certain period of time to earn full interest.
  • As a general rule, the longer the period, the higher the interest rate that the depositor will receive.
  • Time savings are a very safe investment, but their returns are low.

Funds are deposited in a savings account at a fixed exchange rate for a specified period. The bank may refuse to allow withdrawal from this account by the due date or may impose a penalty on early withdrawal.

Time deposits (also called reserves) are cash deposits in a bank that cannot be withdrawn for a specified period. At the end of his term, he may retire or remain for another term. The longer the duration, the better the results. There is usually a substantial penalty for early return. See related questions regarding payment receipts.

Literal Meanings of Time Deposit

Time:

Meanings of Time:
  1. Permanent and unlimited progress of past, present and future existence and events as a whole.

  2. Time is measured in hours and minutes after midnight or noon.

  3. Time allotted, available or used.

  4. Became an example or event of an event.

  5. Expresses the number (after the number).

  6. The rhythmic style of a musical piece is expressed in size.

  7. Plan, plan or arrange when (something) should or should happen.

  8. Measure the time it takes to process (the process or activity, or the person who does it).

Sentences of Time
  1. Travel to time and place

  2. It's 9:30.

  3. We need more time

  4. This is my first time in debt

  5. Three times fifteen

  6. Will be transferred during Waltz

  7. The first race on the track is scheduled for 11:15 p.m.

  8. We were timed and verified at our own pace

Synonyms of Time

instance, rhythm, moment, measure, count, line up, plan, beat, slot in, juncture, flow, tempo, fix up, set, bill, hour, fix, arrange, organize, meter, time, fix a time for, point, put a stopwatch on, schedule, pulse, timetable

Deposit:

Meanings of Deposit:
  1. Usually the amount deposited in a bank account or the amount deposited to earn interest.

  2. The amount paid in the first installment at the time of purchase or as a guarantee of the contract, the rest will be paid later.

  3. A layer or body of accumulated matter.

  4. The process of putting something in a special place.

  5. Usually informally putting (something or someone) in a special place or leaving it.

  6. Save it or let someone else take care of it.

Sentences of Deposit
  1. Money that is a substitute for bank or real estate deposits

  2. We saved a lot to submit the house

  3. Chrome salt deposits

  4. The work of archiving in the library does not guarantee the protection of copyright

  5. Place a stack of books on the kitchen table

  6. Safe where customers can keep valuables

Synonyms of Deposit

rest, down payment, put down, sublimate, pledge, unload, lay, prepayment, put, lay down, part payment, security, set, place, stake, sit, sediment, advance payment, accumulation, retainer, set down, instalment, settle