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LSDefine

Simple English definitions for legal terms

time deposit

Read a random definition: consuetudinibus et serviciis

A quick definition of time deposit:

A time deposit is when you give your money to a bank for a specific amount of time. You can't take the money out until the time is up or you give the bank notice. It's like giving your money to the bank to keep it safe and earn interest.

A more thorough explanation:

A time deposit is a type of bank deposit where the money is kept in the bank for a specific period of time or requires notice before withdrawal. This is different from a demand deposit, where the depositor can withdraw the money at any time without prior notice to the bank.

For example, if you put $1000 in a time deposit for 6 months, you cannot withdraw the money until the 6 months are up. If you need the money before then, you may have to pay a penalty or lose some of the interest earned.

Another example of a time deposit is a certificate of deposit (CD), which is a type of savings account that earns a higher interest rate than a regular savings account but requires the money to be kept in the account for a specific period of time.

Overall, time deposits are a way for banks to secure funds for a set period of time and offer higher interest rates to depositors in return.

time check | time draft

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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