Deposit Company Pdf For Free

A deposit is a financial term that means money held at a bank. A deposit is a transaction involving a transfer of money to another party for safekeeping.

1 : the state of being deposited. 2 : something placed for safekeeping: such as. a : money deposited in a bank making a deposit or a withdrawal a deposit of $3,000. b : money given as a pledge or down payment put down a deposit on a new house. 3 : a place of deposit : depository.

First, deposit refers to the process involving the transfer of a sum of money to another entity to be kept in its custody is a deposit. Hence, the money transferred by investors to checking accounts or saving accounts at credit unions or banks are deposits.

Types of Deposits Savings Bank Account. Current Deposit Account. Fixed Deposit Account. Recurring Deposit Account.

There are two types of deposits: demand and time. A demand deposit is a conventional bank and savings account. You can withdraw the money anytime from a demand deposit account. Time deposits are those with a fixed time and usually pay a fixed interest rate, such as a certificate of deposit (CD).

An example of deposit is the money added to a savings account. An example of deposit is the gold left in the bottom gravel of the stream. Deposit is defined as to place, entrust, put, lay or set down for safekeeping or payment. An example of deposit is someone putting money in their bank account.

Deposits means when a company are generally acquiring funds from the members or the public in the form of loan or any other form as may be prescribed, but does not include certain classes of transactions. Companies aim to secure finance by different cost-effective methods to suit their financial requirements.