Nonpersonal Time Deposit

Business, Legal & Accounting Glossary

Definition: Nonpersonal Time Deposit


Nonpersonal Time Deposit


Full Definition of Nonpersonal Time Deposit


A deposit account that is held by a depositors such as corporations, foreign banks and bank corporate customers other than individuals; an example is money market. This account pays a fixed amount for a period of time and it requires advance notice before money can be withdrawn from it. Advance notice has to be issued in order not to incur an early withdrawal penalty. It is not subject to Federal Reserve regulations D. Banks who have non-personal time deposit must regularly disclose the balance of this account to their regional Federal Reserves.


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Nonpersonal Time Deposit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/nonpersonal-time-deposit/.
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Nonpersonal Time Deposit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/nonpersonal-time-deposit/ (accessed: March 29, 2024).
American Psychological Association (APA):
Nonpersonal Time Deposit. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/nonpersonal-time-deposit/

Definition Sources


Definitions for Nonpersonal Time Deposit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.