Washington Farm Labor Contractor Assignment of Account or Time Deposit is a type of deposit account that is established by a Washington State-licensed Farm Labor Contractor (FLY). This account is used to securely hold funds that have been assigned to the FLY for the purpose of paying wages and other labor-related expenses for agricultural workers. The funds in this account are held in escrow until the FLY has completed their labor contract and all wages and expenses have been paid. Funds are held in either a checking account or a time deposit account, and the FLY must provide a surety bond to guarantee the funds. The two types of Washington Farm Labor Contractor Assignment of Account or Time Deposit are Assignment of Account and Time Deposit.