Time locked transactions is the process for timedeposit too...
its a prerequisite technology
u cant compare a engine (time lock) with a car (term deposit)
yes a car need a engine
but a plane a motorbike and a motorboat too
sorry if im a pain in the ass i just like technical facts used correct way
else discussions end in confusion if already at the definition of things errors happend
update: just did see to late Fuzzbawls did explain it already to u