DEPOSIT English meaning Cambridge Dictionary
From a legal and financial accounting standpoint, the noun « deposit » is used by the banking industry in financial statements to describe the liability owed by the bank to its depositor, and not the funds that the bank holds as a result of the deposit, which are shown as assets of […]
DEPOSIT definition in the Cambridge English Dictionary
Deposits made into checking accounts are transaction deposits, indicating the funds are liquid and immediately available. Generally, a person needs to deposit a certain amount to open a bank account. Hence, the money transferred by investors to checking or savings accounts at credit unions or banks is a deposit. Typically, […]
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