Definition of term deposit


term deposit means a deposit made with an ADI that matures on a particular date (whether or not the ADI can be required to repay the deposit before that date).

Examples of term deposit in a sentence

None of the term deposits offered under the Federal Reserve's Term Deposit Facility as currently configured would be included in ''Reserve Bank balances'' because all term deposits offered to date by the Federal Reserve Banks are not explicitly and contractually repayable on notice.
The interest earned with respect to the Restricted Term Deposit is offset by interest expense of the same amount recorded in respect of the Film Financing Obligation.
Interest income relates to interest earned with respect to the Restricted Term Deposit and interest earned on restricted cash placed in short term deposits.
The largest component is interest revenue earned for the six month period on the Restricted Term Deposit of $0.6 million compared to $0.5 million for the same period in the prior year.
ATTACHMENTS 1) Cash and Investments held at 31 December 2011; 2) Monthly Cash and Investments Balance December 2010 - December 2011 and Monthly Australian Term Deposit Index December 2010 - December 2011.