deposit


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Deposit

1. An amount of money held at a financial institution on behalf of an account holder for safekeeping. For example, one may keep a deposit in one's checking account to pay for daily expenses instead of hiding one's money "under the mattress." Many deposits are insured by organizations like the FDIC to reduce their risk.

2. See: Earnest Money.

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.

References in periodicals archive ?
To answer these questions, we must first clarify our motives for providing deposit guarantees.
The anisotropy produced by obliquely deposited tantalum thin films has a number of desirable properties: it is strong, it is uniform, and it has good thermal stability.
A major function of the Centre is to maintain an information database about the extent and availability of qualitative research material in general whether deposited in public repositories or remaining with the researcher.
It added that total number of deposit accounts in 2018 posted a double-digit growth of 10.1% to 62.9 million from 57.1 million accounts as of end-2017.
'The total domestic deposit accounts increased by 5.8 million, or 10.1 percent, from the 57.1 million accounts as of end-December 2017, to reach 62.9 million as of end-December 2018,' PDIC said.
In the structure of deposits, most part accounted for deposits of legal entities - almost 11 billion manats (term deposits - 1.7 billion manats, demand deposits - 9.27 billion manats)
The Bill contains a substantive banning clause which bans Deposit Takers from promoting, operating, issuing advertisements or accepting deposits in any Unregulated Deposit Scheme.
The Central Bank of Bosnia and Herzegovina (CBBH) congratulates to all citizens and commercial banks the 31st October - World Saving Day, which Bosnia and Herzegovina citizens mark, this year too, with the largest amount of savings deposits, recorded so far.
DEPOSITS in the country grew to double digits in the first half of 2018, compared to its level last year, driving the expansion in the banking industry's assets for the period.
CBK says that microfinance banks (MFBs) suffered deposit flight as customers rushed to give banks additional deposits hoping to benefit from improved rates.
While key pillars of this framework, namely strong banking laws and regulations, and effective supervision have been in place for a long time; the introduction of deposit protection is a recent addition, which will reinforce the bank resolution regime of SBP.
The landlord should also give you certain information about how the deposit has been protected.