Deposit
29 synonyms of deposit from the Merriam-Webster Thesaurus, plus 85 related words, definitions, and antonyms. Find another word for deposit. Deposit: matter that settles to the bottom of a body of liquid. DepositAccounts was created in 2005 by Ken Tumin as the Bank Deals Blog. Almost ten years and 10,000+ articles later, the site has grown to become the largest consumer destination in the United States, maintaining a dedicated focus on depository banking products.
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The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.
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.
Apa Itu Deposit
- 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.
Time deposit[edit]
Depository
Deposits which are kept for any specific time period are called time deposit or often as term deposit.
Certificate Of 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.
Deposition Science Definition
See also[edit]
References[edit]
- ^term deposit, Investopedia, accessed 2012-05-14.
- ^[1], Deposit your trust in Fixed Deposits, siliconindia.com