time deposit

Definition of "time deposit"
  1. A sum of money stored in a bank that is accessible only after a predetermined period or after giving advanced warning
How to use "time deposit" in a sentence
  1. A person decided to secure their funds through a time deposit, knowing the money would be untouchable until the agreed date.
  2. The bank offered attractive interest rates on time deposits to encourage more savings from customers.
  3. The corporation utilized a time deposit to manage its excess capital, ensuring it could not be touched until a particular date.

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