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Definitions from WordNet

Definitions from the Web

Time Deposit

Part of Speech: Noun

Sense: A type of deposit offered by banks and financial institutions that requires the account holder to leave their money in the account for a fixed period of time.

Usage:

1. Many people choose to invest their money in time deposits to earn higher interest rates.
2. Before opening a time deposit account, it is important to consider the length of the term and any penalties for early withdrawal.

Sense: A fixed amount of time during which a person is required to remain in a specific location or perform a specific task.

Usage:

1. The employee was on a time deposit of six months in the remote branch.
2. As part of their sentence, the prisoner was placed on a time deposit of community service for three years.

Sense: A method of measuring the duration between events.

Usage:

1. This stopwatch allows you to measure time deposits with great accuracy.
2. The timing of the athlete's performance was recorded with a precise time deposit.

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