term deposit

term deposit
term deposit term deposit deposit1

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term deposit UK US noun [C or U] (also time deposit)
BANKING, FINANCE an arrangement with a bank in which you have an account that pays interest, usually with money left in it for a fixed period of time: »

They hold term deposits which cannot be paid until the date the deposit would have matured.


Financial and business terms. 2012.

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Look at other dictionaries:

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  • term — The period of time during which a contract is in force. Bloomberg Financial Dictionary * * * ▪ I. term term 1 [tɜːm ǁ tɜːrm] noun 1. [countable] a word or expression that has a particular meaning, especially in a technical or scientific subject:… …   Financial and business terms

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