From this context:
------------------
While definitions of market rate vary, a common benchmark is the rate that local commercial banks pay *on time deposits* of 90 days or more. The MFI should note what benchmark it uses to determine whether a borrowing is at a market rate, and therefore commercial.
2007-02-10 10:45:41 · 2 answers · asked by Anonymous in Education & Reference ➔ Words & Wordplay
Time deposits are deposits placed in a bank or other institution for a fixed period of time, with rules for interest payment, withdrawal before maturity, etc. Bank CDs are time deposits.
The expression 'on time deposits' therefore means on deposits placed for a pre-determined period.
2007-02-10 13:44:29 · answer #1 · answered by greenhorn 7 · 0⤊ 1⤋
Time deposits are funds that are deposited for a period of time. A certificate of deposit or CD is an example if this. Demand deposits would be the opposite.
2007-02-10 18:59:06 · answer #2 · answered by johnnyacura5 2 · 0⤊ 0⤋