1. A bank deposit that cannot be withdrawn before a specified date without incurring a penalty, typically earning a fixed interest rate
She invested her savings in a time deposit to earn a higher interest rate.
Ela investiu suas economias em um depósito a prazo para ganhar uma taxa de juros mais alta.
2. A financial product where funds are locked in for a predetermined period with agreed-upon interest terms
The bank offered a competitive rate on time deposits with a maturity of one year.
O banco ofereceu uma taxa competitiva em depósitos a prazo com vencimento de um ano.