Term deposit definition

Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

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Term deposit means a deposit received by the bank for a fixed period and which is withdrawable only after the expiry of the said fixed period and shall also include deposits such as Recurring/Cumulative/Annuity/Reinvestment deposits, Cash Certificates, and so on;

Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits

Examples of Term deposit in a sentence

• If you have any questions or concerning regarding this Canadian Financial Services Market-Linked Term deposit, please contact your branch manager or call our Contact Centre at ▇.▇▇▇.▇▇▇.▇▇▇▇.

• Contribution to cost of negative rates 0.50% of outstandings calculated on an average end of month Term deposit accounts offer euromarket deposit rates (EURIBID or LIBID) minus a variable margin based on the currency, amount and term.

• Asset allocation Target cash weighting Term deposit allocation Significant risks All investments carry risk.

• Contribution to cost of negative rates 0.50% of the balance calculated on the basis of an end-of-month average Term deposit accounts offer euromarket deposit rates (EURIBID or LIBID) minus a variable margin based on the currency, amount and term.

• If by law any Imposition may at the option of Tenant be paid in installments, Tenant may exercise that option, and shall pay all such installments (and interest, if any) as the same become due and shall at the end of the Term deposit with Landlord an amount sufficient to pay Tenant’s pro rata share of all Impositions for the calendar year in which the Lease terminates.

More Definitions of Term deposit

Term deposit means an interest-bearing deposit received by the bank for a fixed period.

Term deposit means each deposit you place with us for a Term, including (without limitation)

Term deposit means an interest bearing deposit received by the Bank for a fixed period and shall also include deposits such as Recurring/ Cumulative/ Annuity/ Reinvestment deposits and Cash Certificates. The payment of the maturity of the proceeds will usually be made by credit to the account of the deposit holder or by Demand Draft at the option of the term deposit holder(s). Minimum tenor of the deposit offered is seven days. The payout of interest on Term Deposits under Monthly Interest Certificate scheme, takes place at a discounted rate as prescribed under the IBA guidelines. The payout of interest for Quarterly Interest Certificate is applied on Simple Interest basis. Also for Term Deposits with tenure below 181 days, interest will be calculated on maturity at simple interest. In case of Monthly & Quarterly interest pay-out option, interest credit in the account will be done at Anniversary Month/Quarter (from the Effective Date of opening)

Term deposit means a deposit of money with a financial institution for a specified period, or for a specified period and then at call, in relation to which deposit the financial institution, instead of crediting a current account kept by the financial institution, issues a certificate of deposit or similar record of deposit;

Term deposit means a deposit received by the Bank for a fixed period withdrawable after the expiry of the fixed period. At present term deposits are accepted under the following schemes.

Term deposit has the meaning given in the Funding and Distribution Policy.

Term deposit means money deposited for a fixed period of time.