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What is a deposit in finance?
What is a deposit & how does it work?
What is an example of a term deposit?
What does it mean to deposit money into a checking account?
Dec 14, 2023 · A term deposit is a type of financial account where money is locked up for some period of time in return for above average interest payments on those amounts.
- Julia Kagan
Nov 10, 2023 · Simply put, a deposit is a sum of money that an individual or entity places into a bank account or financial institution. This amount can be in the form of cash, check, or electronic transfer. By making a deposit, you are entrusting your money with the financial institution for safekeeping and potential growth.
Deposit is a term used to denote the money kept or held in any bank account, especially to accumulate interest. Deposit also refers to a sum of money used as a security for the delivery of products or making use of services.
Jun 10, 2024 · A term deposit is a fixed-term investment that includes the deposit of money into an account at a financial institution. Term deposit investments usually carry...
Oct 26, 2021 · The term "deposit" often refers to leaving or putting money into a bank or other type of financial account. Exactly how you do it can have varying results.
A deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank.
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."
