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Related Definitions
Time deposit Savings account that allows the financial institution to require notice before withdrawal or to assess a penalty for early withdrawal.
Savings account or time deposit Savings account or time deposit is a sum of money, deposited with a bank, that cannot be withdrawn by writing a check.
Time deposits Time deposits is the interest-bearing accounts with stated maturities, which may carry penalties in the form of lost interest earnings or reduction of principal if early withdrawal occurs.
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