Definition of «money deposit»

A money deposit refers to the act of placing funds into a bank account or other financial institution. This can be done in various ways, such as cash deposits, check deposits, electronic fund transfers, and more. The purpose of making a money deposit is typically to increase one's savings, earn interest on the balance, and have access to funds for future use or spending. Depositing money into an account also allows for increased liquidity and security, as it enables easy access to funds in case of emergencies or unforeseen expenses.

Phrases with «money deposit»

Sentences with «money deposit»

  • New state rules take pressure off of licensees, who are required by law to get earnest money deposited into a trust fund within three days. (realtormag.realtor.org)
  • The seller is simply hoping the transaction will conclude upon receipt of a huge sum of money deposited into the seller's bank account. (thebalance.com)
  • If a high earnest money deposit in your area is $ 20,000, then increase it by $ 10,000. (rismedia.com)
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