In banking, TD stands for many terms including transferable deposit, time deposit, term deposit, and total deposits.
Transferable deposit is a deposit (with a bank or financial institution) that is used to make payments to other parties. In other words, it is a deposit that entails assignment of funds, without prior conditions or restrictions.
Term deposit/ time deposit (also known as a fixed deposit) is a deposit that is held at a bank or financial institution for a fixed term (e.g., a certificate of deposit (CD)). It is an interest-bearing bank account that has a preset date of maturity.
Total deposits are the aggregated amount of a bank’s deposits at a given point in time. It measures all the money placed into a deposit account under various arrangements including, savings accounts, checking accounts and money market accounts.
