The-definition.com

Definition

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.

Share it:  Cite

More from this Section

  • Money position manager
    Money position manager is the managerial position within a bank that is responsible for ...
  • Off-balance sheet Risk
    The risk incurred by the financial institutions due to their activities related to the ...
  • Universal Banking
    Universal bank is the bank that provides all rages of financial services. It is the combination ...
  • Investment banking firm
    Investment banking firm is a firm that purchases an entire issue of new securities from ...
  • Installment loans
    Installment loans is the credits that is repayable in two or more consecutive payments, ...