What does deposit account mean?
Definitions for deposit account
de·posit ac·count
This dictionary definitions page includes all the possible meanings, example usage and translations of the word deposit account.
Princeton's WordNet
time deposit account, deposit accountnoun
a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest
Wikipedia
Deposit account
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances.
ChatGPT
deposit account
A deposit account is a type of bank account that allows the depositor to deposit funds into the account and withdraw funds from it. These accounts can earn interest, be used for transactions, and can include savings accounts, checking accounts, and money market accounts. They provide a safer avenue to store money as they are usually insured by a federal deposit insurance agency. The terms of deposit accounts, including fees, withdrawal limits and interest rates, vary by institution and type of account.
Wikidata
Deposit account
A deposit account is a savings account, current account, or other type of bank account, at a banking institution that allows money to be deposited and withdrawn by the account holder. These transactions are recorded on the bank's books, and the resulting balance is recorded as a liability for the bank and represents the amount owed by the bank to the customer. Some banks may charge a fee for this service, while others may pay the customer interest on the funds deposited.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of deposit account in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of deposit account in Pythagorean Numerology is: 3
Translations for deposit account
From our Multilingual Translation Dictionary
- депозитный счетRussian
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"deposit account." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/deposit+account>.
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