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Demand deposit |
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Demand depositA bank deposit that can be withdrawn "on demand." The term usually refers only to checking accounts, even though depositors in many other kinds of accounts may be able to write checks and regard their deposits as readily available.Demand depositA bank account balance to which the holder has instant access. The holder can withdraw funds by cheque or cash.Similar MatchesCertificate of deposit (CD)Certificate of deposit (CD)Also called a time deposit this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A CD has a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years. Savings depositsSavings depositsAccounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand. Depository institutionDepository institutionA financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. Although historically they have broadened their powers in recent years. For example, NOW accounts, credit union share drafts and other services similar to checking accounts may be offered by thrift institutions. DepositaryDepositaryAn agent appointed for a Tender or Exchange Offer who accepts certificates from shareholders, processes them and assures that the appropriate cash or new securities are properly remitted to the tendering party. Electronic depository transfersElectronic depository transfersThe transfer of funds between bank accounts through the Automated Clearing House (ACH) system. Further SuggestionsDepository receiptFederal Deposit Insurance Corporation Depository Institutions Deregulation and Monetary Control Act depository bank Depository preferred deposit Federal Deposit Insurance Corporation (fdic) Security deposit (maintenance) Federal Deposit Insurance Corporation (FDIC) MBS depository Direct deposit Depository Trust Company International Depository Receipt (IDR) jumbo certificate of deposit time deposit Good faith deposit Jumbo certificate of deposit Verification of deposit Eurodollar certificate of deposit Euro Depositary Receipt American Depository Receipt Fees Advance deposit requirement Deposit Global Depositary Receipt Global Depository Receipt |
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