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Rating:A time deposit is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time. When the term is over it can be withdrawn or it can be held for another term. Generally speaking, the longer the term the better the yield on the money.
read moreA short term deposit is an amount of money deposited for no longer than a year. Mostly it is placed at a financial institution or bank, and taken/placed via repo markets.
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