Primary navigation:

QFINANCE Quick Links
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of time deposit

Definition of

time deposit


US savings arrangement for specified period a US savings account or a certificate of deposit, issued by a financial institution. While the savings account is for a fixed term, deposits are accepted with the understanding that withdrawals may be made subject to a period of notice. Banks are authorized to require at least 30 days' notice. While a certificate of deposit is equivalent to a term account, passbook accounts are generally regarded as funds readily available to the account holder.

Recommended Further Reading (Term count)
  • Managing Liquidity in China—Challenging Times
    by Marlene Wittman
    Efficient cash and liquidity management in China is a multifaceted challenge—a treasurer has to scrutinize China’s regulatory environment constantly. In the past regulation has been “lyrical” at best and arbitrary at worst. Up to recent market events, it had been tending towards liberalization. The treasurer has to match various limited and unique “China-derived” treasury solutions with the capital structures of his China entities. He has to...
  • Islamic Microfinance: Fulfilling Social and Developmental Expectations
    by Mehmet Asutay
    Islamic banking and finance (IBF) has become a mainstream financing method utilized by Islamic, as well as conventional, banking and financial institutions all over the world. Recently, however, IBF has been criticized for its social failure, in the sense that its operations are not different from the existing conventional tools minus the interest. An essential nature of this criticism is related to the foundational axioms and principles of IME...
time deposit - Related Articles
  • Fixed-Deposit Compound Interest


    The compound interest paid on fixed deposits, which is usually paid more frequently (monthly or quarterly) than a traditional annual interest rate. As the frequency of compounding increases, so does the effective rate of interest.

  • Managing Liquidity in China—Challenging Times

    Best Practice

    to invest. For example, MNCs invest surplus renminbi balances in call and time deposits. Since they are onshore renminbi instruments, they have regulated rates. Additionally, renminbi money market and bond funds are available to the MNC treasurer.
    By Marlene Wittman


Definitions of ’time deposit’ and meaning of ’time deposit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’time deposit’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related Blog Posts

More related Blog results