time deposit
Funds held in a certificate of deposit or savings account for a fixed period of time and at a fixed interest rate. Time deposits typically pay a higher interest rate than demand deposits, but penalties apply if the Funds are withdrawn before the maturity date.
Browse by Subjects
money market deposit account
demand deposit
See All Related Terms »

Deep out of the Money
capital budget
New York Mercantile Exchange (NYMEX)
seat (exchange seat)
time and method study