Home > Term: time deposit
time deposit
Bank deposits which are to be held for a specified period of time at a set rate of interest. In Switzerland the periods are generally between 1 and 12 months and the minimum amount usually CHF 100,000. On the balance sheet time deposits are shown as amounts due to customers (term).
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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