Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “term deposit”

term deposit

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 .
(Definition of term deposit noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of term deposit

Word of the Day

chef

a skilled and trained cook who works in a hotel or restaurant, especially the most important cook

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More