Deposat
A deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank.
The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.
Deposits are usually the main source of funding for banks.[citation needed]
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Types[edit]
A deposit may take a number of forms, including:
Deposit Slip
Demand deposit[edit]
Deposit Tourism: Tripadvisor has 461 reviews of Deposit Hotels, Attractions, and Restaurants making it your best Deposit resource. A CD (certificate of deposit) is a type of deposit account that’s payable at the end of a specified amount of time (referred to as the term). CDs generally pay a fixed rate of interest and can offer a higher interest rate than other types of deposit accounts, depending on the market. These accounts typically provide security for longer-term. Deposit formation or fouling, the accumulation of unwanted material on solid surfaces Deposit model, a method of identifying the character and degree of survival of buried archaeological remains Deposit of faith or Fidei depositum, the Apostolic constitution by which Pope John Paul II ordered the publication of the Catechism of the Catholic Church.
A demand deposit is a deposit which is deposited for regular withdrawal like saving bank account or current bank account etc.
- Transactional account (checking account or current account, by country), the depositor has the right to use the money at any time, sometimes short notice periods are agreed. Also called call deposit or sight deposit.
Time deposit[edit]
Deposits which are kept for any specific time period are called time deposit or often as term deposit.
- Term deposit (or time deposit), bear a fixed time and fixed interest rate[1]
- Fixed deposit in India [2]
- Certificate of deposit in the U.S. and Canada
- Overnight lending occurs usually from noon to noon, using a special rate to give as security or in part payment.
See also[edit]
References[edit]
- ^term deposit, Investopedia, accessed 2012-05-14.
- ^[1], Deposit your trust in Fixed Deposits, siliconindia.com
Deposit may refer to:
Bankrate Cd Rates
- Deposit account, a bank account that allows money to be deposited and withdrawn by the account holder
- Demand deposit, the funds held in demand deposit accounts in commercial banks
- Damage deposit, a sum of money paid in relation to a rented item or property to ensure it is returned in good condition
- Container deposit, a deposit on a beverage container paid when purchased and refunded when returned
- Deposition (geology), material added to a landform
- Election deposit, a sum that a candidate must pay in return for the right to stand in an election
- For ore deposits, see the 'ore deposits' section on Ore.
See also[edit]
- Deposit formation or fouling, the accumulation of unwanted material on solid surfaces
- Deposit model, a method of identifying the character and degree of survival of buried archaeological remains
- Deposit of faith or Fidei depositum, the Apostolic constitution by which Pope John Paul II ordered the publication of the Catechism of the Catholic Church