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Glossary > D > "Deposit" Definition

Deposit

1. A transaction involving a transfer of funds to another party for safekeeping.

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.

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Deposit \ 1. A transaction involving a transfer of funds to another party for safekeeping.

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.

Deposit / 1. a transaction involving a transfer of funds to another party for safekeeping.

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.