A demand deposit account is an account at a bank, credit union or other financial institution that lets you use or withdraw money whenever you want, without notifying the financial institution ahead of time. Types of demand deposit accounts include checking accounts, savings accounts and money mark...
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...
A stock's dividend yield is calculated with a simple formula. Here, you can learn how to calculate yield for annual, quarterly and monthly dividends.
Sometimes, a deposit is refundable security returned to the payer when certain conditions are met. Other deposits are non-refundable as a condition of an agreement between two parties or because the depositor has not fulfilled their obligations. Here, we’ll explore the definitions of a deposit ...
What is a time deposit and lending system? What are the uses for that? Byanon19944— On Oct 22, 2008 All these questions would make great wiseGEEK articles. Please consider submitting them using the "Suggest a Topic" option located in the wiseGEEK features drag-down menu at the top of th...
Demand Deposits Your checking account's deposits are generally available "on demand," which is why they're sometimes called demand deposit accounts,transaction deposits, or current accounts. Certificates of Deposit (CD) A CD is a deposit you make with a bank or credit union for a specified per...
A demand deposit account is very common in the United States banking system. A demand deposit is simply money held in an account that you can draw upon on demand. Common forms of demand deposit accounts include most checking and savings accounts. Since the Federal Reserve requires banks to hav...
The other definition of deposit is when a portion of funds is used as a security or collateral for the delivery of a good. Some contracts require a percentage of funds paid before the delivery as an act of good faith. For example, brokerage firms often require traders to make an initialma...
What is the purpose of bottle deposit systems? A. To encourage recycling. B. To increase the price of bottled beverages. C. To promote the use of single-use plastics. D. To reduce the demand for polyester. 相关知识点: 试题来源: 解析 A. To encourage recycling....
Rate of Interest:When compared to demand deposits, term deposits often offer higher interest rates. Typically, a term deposit's interest rate is predetermined at the time the account is opened and remains that way for the duration of the term. In exchange for liquidity, demand deposits typicall...