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 ?
In its monthly report issued on Tuesday, the CBE stated that the growth of deposits in local currency rose in May to 14.9%, compared to 13% in April, while the deposits in foreign currencies grew by only 0.2% in May against 6.3% in April.
Qatar's commercial banks' overseas customer deposits were seen outpacing total deposits generation year-on-year in July 2019, according to the central bank data.
by ONA The bulletin pointed out that the total value for these deposits included OMR11,414.2 million and OMR1,293.8 million in foreign currencies.
The Philippine Deposit Insurance Corporation (PDIC) reported that total deposits in the Philippine banking system grew by 8.8% to P12.7 trillion as of December 31, 2018 from P11.7 trillion in the previous year.
The end-2018 domestic deposits across commercial, thrift and rural banks grew 8.8 percent from P11.711 trillion in 2017.
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.
Commercial banks' interest expense dropped by Sh7 billion despite customer deposits growing by Sh300 billion to Sh2.9 trillion from Sh2.6 trillion, negating the expectation that amended banking laws could earn customers higher interests on deposits.
The objective of DPC is to compensate the small and financially unsophisticated depositors to the extent of protected deposits in the unlikely event of a bank failure.
Jessica Combes Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to OMR12.47 billion, compared to OMR12.57 billion in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).