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plural deposits Britannica Dictionary definition of DEPOSIT [count] 1 : an volume of money that is place in a very bank account a bank deposit
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Demand deposits: You typically don't need to deliver progress recognize to withdraw money from accounts offering demand from customers deposits, for instance examining accounts
Just be careful You do not find yourself participating in "in which are my keys" each morning, When the counter will not be your standard place for depositing them. You can even use deposit when mother nature does the positioning. You discover a deposit of gold within the mountain rock or You can find sediment deposited at The underside of a river.
make/spend/set down a deposit (on sth) Several people put down a deposit for his or her summertime holiday seasons as early as January.
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Time deposits undoubtedly are a sum deposited into an account that earns a fixed rate of gambling interest for just a established phrase. An example of a time deposit account is usually a CD, where you get a set price for any expression that may vary from a handful of months to many decades.
Immediate deposit: Below, money is sent electronically and securely from a single account to another employing aspects like routing and account figures. Widespread samples of immediate deposit incorporate paychecks, tax refunds and authorities Gains.
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