Definition: Deposit with agreed maturity
Non-transferable deposit that cannot be converted into currency before an agreed fixed term or can be converted into currency before an agreed term, but the holder is then charged a penalty. Financial products with roll-over provisions must be classified according to their earliest maturity. Although deposits with an agreed maturity may allow for earlier redemption after prior notification or may be redeemable on demand subject to penalties, these features are not considered relevant for classification purposes.
European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232