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  2. Dec 14, 2023 · A deposit generally refers to money held in a bank account. A deposit can also be the funds used as security or collateral for the delivery of goods or services.

    • Julia Kagan
  3. Deposit is a term used to denote the money kept or held in any bank account, especially to accumulate interest. The fund used as a security to get the goods delivered can also be called a deposit. Any transaction processed to transfer money to an entity for safeguarding can be referred to as a deposit.

  4. A deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank.

  5. Oct 26, 2021 · In financial terms, “deposit” means placing money into the care of a bank or other financial institution. Financial institutions and banks offer numerous types of deposit accounts with varying benefits.

  6. Jul 3, 2024 · A deposit refers to money placed into a bank account or financial institution for safekeeping, storage, or investment purposes. Deposits can be classified into various types, including savings deposits, checking (current) deposits, time deposits (such as certificates of deposit), and demand deposits (like checking accounts).

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  7. 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."

  8. Feb 22, 2024 · A deposit is the amount of money you give to a financial institution, such as a bank, to hold for you in an account. Individuals and businesses make deposits every day by...

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