br>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.
Bank deposits refer to this liability rather than to the actual funds that have been deposited. When someone opens a bank account and makes a cash deposit, he surrenders legal title to the cash.
deposit account see COMMERCIAL BANK. deposit account or time account or savings account an individual's or company's account at a COMMERCIAL BANK into which the customer can deposit cash or cheques and from which he or she can draw out money subject to giving notice to the bank.
br>When an individual deposits money into a banking account, it earns interest. This means that, at fixed intervals, a small percentage of the account's total is added to the amount of money already.
Deposit account definition: A deposit account is a type of bank account where the money in it earns interest. | Meaning, pronunciation, translations and examples
Rental Property #3 – Security Deposit Checking Account The only money in this account is the security deposit for property #3. By keeping the security deposits in their own CHECKING accounts, you are able to issue deposit refunds directly from the appropriate account by writing a check – thereby keeping your books nice and clean.
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Deposits financial definition of deposits Deposits account definition
A money market deposit account (MMDA) is a high-yield savings account that allows depository financial institutions to be more competitive with money market mutual funds.MMDAs are insured by the.
Each owner of a personal account, or an agent for a non-personal account, acting alone, has the power to perform all the transactions available to the account. For example, each owner can: 1. make withdrawals by whatever means are available for the account; 2. make deposits by whatever means are allowed for the account; 3.
the accounts will be insured as the deposits of the fiduciary in either the single account or corporate account category. These deposits will then be added to any other deposits the fiduciary may hold in the same ownership category at the same IDI, and the total will be insured up to $250,000.
Deposit | Definition of Deposit at businesscashadvance.info Deposits account definition
Deposits financial definition of deposits Deposits account definitionBank deposit definition is - any funds credited to a depositor's account by a bank.
A time deposit allows you to deposit money in an account for a required specific period of time. Historically, time deposits have been short-term, meaning less than one year.
Fixed Deposit Account Meaning: In deposit terminology, the term Fixed Deposit Account refers to a type of savings account or certificate of deposit where deposits are made for a specified period of time and that pay out a fixed rate of interest.
Deposits account definitionThus, a deposit account is a bank account that pays interest but that imposes the requirement of notice or a penalty in terms of interest before withdrawal can be effected; up pin code number deposit receipt is an acknowledgement by the bank that sums have been deposited and are being held for the account of the depositor; a certificate ofdeposit is a financial instrument providing a similar acknowledgement but where the claim of the depositor is transferable.
The acceptance of a deposit in the course up pin code number carrying on up pin code number deposit-taking business in the requires authorization from the Bank of England as competent authority.
Thus, in contracts for the sale of land, a deposit is regarded not only as part-payment of the purchase price but as a security for the purchaser's due completion of the purchase.
Usually defined to be a naked bailment of goods to be kept for the bailor, without reward, and to be returned when he shall require it.
See also Dane's Abr.
Pothier defines it to be a contract, remarkable, bonus accounting remarkable which one of the contracting parties gives a thing to another to keep, who is to do so gratuitously, and obliges himself to return it when he shall be requested.
Deposits, in the civil law, are divisible into two kinds; necessary and voluntary.
A necessary deposit is such as arises from pressing necessity; as, for instance, in case of up pin code number fire, a shipwreck, or other overwhelming calamity; and thence it is called miserabile depositum.
A voluntary deposit is such as arises without any such calamity, from the mere consent or agreement of the parties.
This distinction was material in the civil law, in respect to the remedy, for involuntary deposits, the action was only in deposits account definition in the other in duplum, or two-fold, whenever the depositary was guilty of any default.
The common law has made no such distinction, and, therefore, in a necessary deposit, the remedy is limited to damages co-extensive with the wrong.
Deposits are again divided by the civil law into simple deposits, and sequestrations; the former deposits account definition when there is but one party depositor of whatever number composedhaving a common interest; the latter is where there are two or more depositors, having each a different and adverse interest.
These distinctions give rise to very different considerations in point of responsibility and rights.
Hitherto they do not seem to have been incorporated in the common law; though if cases should arise, the deposits account definition applicable to them would scarcely fail of receiving general approbation, at least, so far as they affect the rights and responsibilities of the parties.
Cases of judicial sequestration and deposits, especially in courts of chancery and admiralty, may hereafter require the subject to be up pin code number investigated.
At present, there have been few cases in which it has been necessary to consider upon whom the loss should fall when the property has perished in the custody of the law.
There yields account money market another class of deposits noticed by Pothier, and called by him irregular deposits.
This arises when a party having a sum of money which he doe's not think safe in his own hands; confides it to another, who is to return him, not the same money, but a like sum when he shall demand it.
Traite du Depot, ch.
The usual deposit made by a person dealing with a bank is of this nature.
The depositor, in such case, becomes merely a creditor of the depositary for the money or other thing which he binds himself to return.
This species of deposit is also called an improper deposit, to distinguish it from one that is regular and proper, and which latter is sometimes called a special deposit.
There is a kind of deposit which may, for distinction's sake, be called a quasi deposit, which is governed, by the same general rule as common deposits.
It is when a party comes lawfully to the possession of another person's property by finding.
Under such circumstances, the finder seems bound to the same reasonable care of it as any voluntary depositary ex contractu.
See further, on the subject of deposits, Louis.
Bailment; Digest, depositi vel contra; Code, lib.
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Link to this page: In addition, Al-Fouzan said that KFH clients can open deposits either through visiting the branch, or online, where all procedures can be completed.
The Netherlands central bank would issue florin banknotes on a 1:1 basis on demand against florin deposits with itself and conversely.
No tenant will be affected, either, until a petition containing new wording requiring the deposit of rent is served upon them.
But what is a "trading unit" as it relates to deposits, especially to demand deposits, and to core repurchase agreements?
Failure to do this will entrap metal in the deposit causing it to superheat, penetrate the lining and force premature lining replacement.
Raponi said exploration work at the site has led to the discovery of a significant deposit of fluorite.
Now Treasury and the Congress are sitting on a deposit insurance powderkeg, and the silence is deafening.
This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.
What you must know about Term Deposit Accounts
Bank Deposits Deposits account definition
Deposit Definition Deposits account definitionDeposit definition: A deposit is a sum of money which is part of the full price of something, and which you... | Meaning, pronunciation, translations and examples
deposit definition: 1. to leave something somewhere: 2. to put something valuable, especially money, in a bank or safe (= strong box or cupboard with locks): 3. to pay someone an amount of money when you make an agreement with that person to pay for or buy something, that either will be returned….
Definition of fixed deposit: A deposit of money that pays higher interest than a savings account but imposes conditions on the amount, frequency, and/or period of.