If a customer places money in a term deposit, the bank can invest the money in other financial products that pay a higherrate of return (RoR)than what the bank is paying the customer for the use of their funds. The bank can also lend the money out to its other clients, thereby receiv...
A term deposit is the other name of the time deposit. When a person contributes or deposits money, then he will have to wait for a specific time until that amount can be withdrawn. This type of deposit imposes some restrictions on its users. But the plus point of such deposits is the ...
Also referred to as a time deposit or acertificate of deposit(CD),a term deposit is a type of fixed-term deposit, typically at a banking institution. Term deposits will usually have short-term maturities that can range from a few months to a few years. The required minimum deposits for s...
Meaning of Deposit from wikipedia - Deposit may refer to: Deposit (finance) (also security deposit) A down payment or partial payment in advance Deposit (town), New York Deposit (village)...- A time deposit or term deposit (also known as a certificate of deposit in the United States, an...
the organization often will pay you interest on your deposit. It may also loan out those funds in the form of mortgages or personal loans. However, a depository must return your deposit when you request it. The Federal Deposit Insurance Corporation guarantees your deposits at participating institut...
depository,repository,deposit archive- a depository containing historical records and documents bank building,bank- a building in which the business of banking transacted; "the bank is on the corner of Nassau and Witherspoon" drop- a central depository where things can be left or picked up ...
What is the definition of demand deposit?Demand deposits can be on a checking or a savings account, andwithdrawalscan be made either from an ATM or from the bank’s cashier. Unlike term deposits, which require a predetermined period to pass by before allowing the depositor to make a withdraw...
Deposits and Fees– To avoid any confusion or conflict, it is recommended to describe how the security deposit will be used (i.e., damages), the amount of the security deposit being collected, how the security deposit will be returned and depending on state laws, where the security deposit...
Use of Total Deposit in a Clause See All Total Deposit clauses Open Split View ShareCite Total Deposit means all deposits or prepayments made by SOLARFUN to HOKU hereunder including without limitation the Initial Deposit and the Main Deposit.Sample...
removal from an office or position; the process of depositing:deposition of the documents with the Library of Congress;the giving of testimony under oath; a statement to be used in court in place of the spoken testimony of the witness ...