Time deposit definition

Time deposit means a deposit that the depositor or share account holder does not have a right and is not permitted to make withdrawals from within six days after the date of deposit, unless the deposit is subject to an early withdrawal penalty of at least seven days' simple interest on amounts withdrawn within the first six days after deposit, subject to those exceptions permissible under 12 CFR Part 204, as amended from time to time;

Time deposit means a deposit that the depositor does not have a right to withdraw for a period of seven days or more from the date of deposit. A "time deposit" may be represented by a transferable or nontransferable, or a negotiable or nonnegotiable, certificate, instrument, passbook, statement, or otherwise.

Time deposit and "Time Deposit Dealing Instruction" have the meanings set out in Clause 6.7.

Examples of Time deposit in a sentence

• Time deposit accounts and certificates of deposit shall be payable within such times as the proceeds will be needed to meet expenditures for which the moneys were obtained, and shall be secured as provided in Sections VIII and IX herein.

• If the issuer is purchasing a SLGS security with any amount re- ceived from the sale or redemption (at the option of the holder) before matu- rity of any marketable security, the yield on such SLGS security does not exceed the yield at which such market- able security was sold or redeemed; and(B) Time deposit securities to SLGS se- curities.

• Time deposit interests accrue at the board rate from the time deposits are placed, for which the Bank is obligated by tax law to withhold taxes from interest income.

• Time deposit" means "time certificate of deposit" and "time deposit, open account".[PL 1975, c.

• Time deposit accounts and certificates of deposit shall be payable within such times as the proceeds will be needed to meet expenditures for which the moneys were obtained, and shall be secured as provided in Sections G and H herein.

More Definitions of Time deposit

Time deposit means a deposit of a sum of money with us as described in Clause 17 (Time Deposits);

Time deposit means a deposit of funds subject to a contract between the depositor and the depository under which the depositor may not withdraw any of the funds by check or by another manner until the expiration of a certain period following written notice of the depositor’s intent to withdraw the funds.

Time deposit means a deposit with a fixed maturity date placed by the Customer with the Bank.

Time deposit means time certificates of deposit, time deposits open account, and savings deposits.

Time deposit means a contract between an individual and a financial institution whereby the individual agrees to leave funds on deposit for a specified period and the financial institution agrees to pay interest at a specified rate for that period.

Time deposit means a deposit of a sum of money with us as described in Clause 17 (Time Deposits); "UBO" means ultimate beneficial owner (as determined in accordance with our Local Practices);

Time deposit means any deposit which is repayable on the expiry of a fixed period.