What does Deposit mean?
A deposit is a financial term that means money held at a bank. A deposit is a transaction involving a transfer of money to another party for safekeeping. However, a deposit can refer to a portion of money used as security or collateral for the delivery of a good.
What is the opposite of a deposit?
What is the opposite of deposit?
Does Deposit mean more or less?
1. countable noun. A deposit is a sum of money which is part of the full price of something, and which you pay when you agree to buy it. The initial deposit required to open an account is a minimum 100 dollars. Synonyms: down payment, security, stake, pledge More Synonyms of deposit .
What is deposits in science?
An accumulation or layer of solid material, either consolidated or unconsolidated, left or laid down by a natural process. Deposits include sediments left by water, wind, ice, gravity, volcanic activity, or other agents.
Is a deposit positive or negative?
In the detail section for the deposit account, an invoice is represented as a negative number, meaning a reduction of your balance. A deposit is represented by a positive number, meaning an addition to your balance.
Do u get deposit back?
The obligations of the contract work both ways so the business doesn’t have to return your deposit if you change your mind. For example, if you paid a deposit to a shop to hold an item for you and you later decide you don’t want the item, the shop may not be obliged to refund you your deposit .
What is another name for deposit?
In this page you can discover 92 synonyms , antonyms, idiomatic expressions, and related words for deposit , like: put down, drop, insert, consign, payment, retainer, down payment, set down, dislodge, spend and invest.
What does a 50 deposit mean?
0. Votes. The $50 deposit is an incidental fee, which usually puts a hold on your credit card and will be released upon checking out. If our guests prefer to pay with cash, then a $200 cash deposit is required and will be returned to you upon checking out.
What is it called when you put money in the bank?
As a financial term, a deposit is money you ‘ve placed at the bank for safekeeping; to deposit money , you put it into the bank .
What does putting down a deposit mean?
If you put a deposit down on something, you give half or some of the money then you pay the other amount later. For example you bought a car from me.
Is a deposit adding or subtracting?
If you’re looking at the change in your bank account, then you would add the amount you deposited to your bank account. If you want to see how the money in your pocket changes, you subtract the amount of money you deposited .
What is a less deposit?
The less cash amount represents any cash you want to receive directly from the check. If you deposit a $1,000 check and want $200 back, for instance, you write $200 in the less cash section. The teller then gives you $200 and the balance of $800 is deposited into the account you indicate on the deposit slip.
What is the meaning of 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. Additionally, some banks pay customers interest on their account balances.
What is withdrawal mean?
to draw back, away, or aside; take back; remove: She withdrew her hand from his. He withdrew his savings from the bank. to retract or recall: to withdraw an untrue charge. to cause (a person) to undergo withdrawal from addiction to a substance.
What does Deposit mean in maths?
more An initial payment: • when buying it gives the seller some confidence you will complete the purchase and pay the rest. Example: Sam just paid a deposit of $2,000 on a new car, and needs to borrow $18,000 to finish the deal.