Deposit


 

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Deposit

(1) Money given by the buyer with an offer to purchase. Shows good faith. Also called earnest money. (2) A natural accumulation of resources (oil, gold, etc.) which may be commercially recovered and marketed.

Deposit

An account with a bank or financial institution which earns interest normally proportional to and below current base rates. The notice period for withdrawal will also affect the interest rate. No cheque book is issued with a deposit account.



Similar Matches

Global Depositary Receipt

Global Depositary Receipt

A certificate which represents ownership of a given number of a company's shares and which can be listed and traded independently from the underlying shares.


Depository Trust Company

Depository Trust Company

In the US, the Depository Trust Company (DTC) is a national clearing house for the settlement of trade in corporate and municipal securities and performs securities custody-related services for its participating banks and broker-dealers. DTC is owned by members of the financial industry and by their representatives who are its users. DTC is 35.1% owned by the New York Stock Exchange on behalf of the Exchange's members. It is operated by a separate management and has an independent board of directors. It is a limited purpose trust company and is a member of the Federal Reserve.


Electronic depository transfers

Electronic depository transfers

The transfer of funds between bank accounts through the Automated Clearing House (ACH) system.


Certificate of deposit (CD)

Certificate of deposit (CD)

A document which shows that the bearer has a specified amount of money on deposit with a bank, stock-brokerage firm or other financial institution.


Negotiated certificate of deposit

Negotiated certificate of deposit

A large-denomination CD, generally $1MM or more, that can be sold but cannot be cashed in before maturity.


Further Suggestions

Savings deposits
International Depository Receipt (IDR)
American Depository Receipt Fees
jumbo certificate of deposit
Security deposit (maintenance)
Deposit Protection Scheme
Federal Deposit Insurance Corporation
Security deposit (initial)
Good faith deposit
American Depository Share (ADS)
Advance deposit requirement
depository bank
Eurocurrency deposit
time deposit
Time deposit
certificate of deposit
Verification of deposit
Demand deposit
American Depository Receipt Ratio
Depositary
Euro Depositary Receipt
American depositary receipt
MBS depository
Federal Deposit Insurance Corporation (FDIC)
Depository Institutions Deregulation and Monetary Control Act


 
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