time deposit

1. 1.

   a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date

   Broadercertificate of deposit

Questions about time deposit

What does time deposit mean?

time deposit means "a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date".

Is time deposit a common word?

time deposit is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.