deposit

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Related to deposits: Bank deposits, Security Deposits

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 ?
It is worth noting that KFH has recently added a new service in all areas of Kuwait that allows clients to open deposits through using ATM machines.
For that reason, taxpayers may not want to rely on previous decisions holding such payments to be deposits.
12) First National is the smallest depository institution in the market, with deposits of approximately $7 million, which represent approximately 1.
The Netherlands central bank would issue florin banknotes on a 1:1 basis on demand against florin deposits with itself and conversely.
Some politicians and bottle bill advocates would also like to see the nickel deposits increased to 10 cents, adjusting for the decreased value of the nickel.
In the May 16 Nature, they show that a drug called CPHPC can reduce the amount of serum amyloid P in the blood and in amyloid deposits.
A new era of Housing Court begins within the next week, as the provisions of the new state-wide rent reform law requiring the deposit with the court of rent or its equivalent for use and occupancy, go into effect.
To resolve the SAIF's problems, Hawke proposed that "institutions with SAIF-insured deposits could pay a special assessment at a rate sufficient to increase the SAIF's reserves to $1.
Syndicates of private guarantors would decide on the safety and soundness requirements to be imposed on each bank whose deposits they guaranteed, and they would price their services according to the varying levels of risk they chose to undertake.
On October 2, 1992, Tax Executives Institute filed the following comments with the Internal Revenue Service and the Treasury Department, commending the agencies for substantially improving the final payroll tax deposit regulations.
But where is the "most active market" for the valuation of deposits and core repurchase agreements?
Examination of hundreds of cases of deposit buildup in induction furnaces has shown that the deposits are composed of fine-grained particles.