From this context:
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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.
Is %26quot;on time deposits%26quot; a phrase? What does that mean?fha loan
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 %26#039;on time deposits%26#039; therefore means on deposits placed for a pre-determined period.
Is %26quot;on time deposits%26quot; a phrase? What does that mean?
loan
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.
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