Deposit

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A deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank.

The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.

Deposit definition, to place for safekeeping or in trust, especially in a bank account: He deposited his paycheck every Friday. Deposit definition is - to place especially for safekeeping or as a pledge; especially, economics: to put in a bank. How to use deposit in a sentence.

Deposition

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Deposit checks in a snap. Deposit checks 1,2 right into your Schwab Bank or Schwab Brokerage and IRA accounts 3 using your Android™ device, iPhone ® or iPad ®. Available through our Schwab Mobile app. Download the app now. Topographic measurements from MESSENGER also show that the shadowed craters appear to contain thick, sloping deposits, which are probably accumulations of water ice. THESE IMAGES EXPOSE THE DARK SIDE OF THE SOLAR SYSTEM - ISSUE 89: THE DARK SIDE COREY S. An accumulation or layer of solid material, either consolidated or unconsolidated, left or laid down by a natural process. Deposits include sediments left by water, wind, ice, gravity, volcanic activity, or other agents. A layer of coal formed over many years through the decomposition of plant material is also a deposit.

Deposits are usually the main source of funding for banks.[citation needed]

Types[edit]

A deposit may take a number of forms, including:

Demand deposit[edit]

A demand deposit is a deposit which is deposited for regular withdrawal like saving bank account or current bank account etc.

  • Transactional account (checking account or current account, by country), the depositor has the right to use the money at any time, sometimes short notice periods are agreed. Also called call deposit or sight deposit.
Deposited

Time deposit[edit]

Deposits which are kept for any specific time period are called time deposit or often as term deposit.

  • Term deposit (or time deposit), bear a fixed time and fixed interest rate[1]
    • Fixed deposit in India [2]
    • Certificate of deposit in the U.S. and Canada
  • Overnight lending occurs usually from noon to noon, using a special rate to give as security or in part payment.
Deposit

Deposition

See also[edit]

References[edit]

  1. ^term deposit, Investopedia, accessed 2012-05-14.
  2. ^[1], Deposit your trust in Fixed Deposits, siliconindia.com

Stimulus Checks Deposit Date

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Deposit_(finance)&oldid=1006165447'

Deposition

deposit

Money paid to ensure performance under a written or oral contract.Many states require that lease and other such deposits be maintained in escrow accounts and earn interest which must be paid to the party when the deposit is refunded.All real estate brokers must place earnest money deposits in escrow accounts. One must carefully examine the particular contract language relative to deposits in order to determine the circumstances under which they may be withheld from the depositor.

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The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.