Money Markets

Time Deposit

Definition

What is Time Deposit?

Money placed with a bank for a fixed period at an agreed interest rate.

Example in practice

An investor locks ₦2 million in a 90-day time deposit.

Keep learning

A short-term government debt instrument usually issued at a discount and repaid at face value.

Short-term unsecured debt issued by a company.

A time deposit or tradable bank instrument that pays interest over a stated term.

A portfolio of debt instruments with maturities spread across regular intervals.

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