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 ?
A descriptive analysis suggests that on average there are 240 bank depositors out of 1,000 adult in Pakistan.
That, again, didn't happen and the six-month extension turned into another year of pain and sorrow for the depositors.
Establishment of a formal deposit protection scheme will be beneficial for Pakistan as it will build up sizable funds, through premium payments from banks that can be used to provide immediate liquidity to small depositors in case of a bank failure, said the SBP.
Under Section 97 of the Chapter of the National Internal Revenue Code on estate taxes, it is provided that all bank withdrawal slips shall contain a statement to the effect that all of the joint depositors are still living at the time of withdrawal by any one of the joint depositors and such statement shall be under oath by said depositors.
No likelihood of bail in for over 98 percent of depositors. Remaining also subject to bail in if the depositors consent," Garg tweeted.
Companies from every part of the world find that thorough trials, often using their own local raw materials and moulds from their production scale depositor, provide a reliable basis for trouble-free commissioning of a new plant or launch of a new product range.
* Depositor 1 receives signals about his consumption type and productivity.
"The Government welcomes Iceland's commitment to recognise its obligations under the EC Deposit Guarantee Scheme to repay depositors in Icesave," the spokesman said.
For those of us in marketing, this means we will be courting depositors with more zeal and paying more attention to their concerns.
There was concern even if the country did honour the agreement, there was not enough money in the depositor protection scheme to cover payouts.
But in the aftermath of the Icesave collapse, Iceland appeared to be planning to compensate domestic depositors but not foreign ones.
The Government of Iceland announced on Monday (13 October) that the Dutch and Icelandic governments have agreed on a solution regarding the Dutch depositors of Landsbanki IceSave savings accounts.