An earnest
money deposit basically says to the seller you are serious about buying his / her house and thus willing to put your money where your mouth is.
Not exact matches
If there was someone reputable (e.g. you and not any bank or anything) who I could
basically deposit my
money with and give access to all my bills and credit cards, I am sure you could save me a bundle monthly, not to mention increase my «yield» at the bank.
After the unseemly bankruptcy of the Espirito Santo Group and the associated bank, then Portugal's second biggest (likely a result of not praying enough, see: «Big Portuguese Bank Gets Into Trouble» and «Fears Over Banco Espirito Santo Escalate» for the gory details), Portugal's state - run
deposit insurance fund
basically ran out of
money.
Plus, when you repay a 401K loan, you pay interest on the
money borrowed — which is also
deposited into your 401K (so you
basically pay yourself back with interest!).
Escrow is
basically depositing money with one entity who will deliver it to another upon the completion of a transaction or a set of conditions.
Look for an account that pays at least some interest, since it's
basically free
money deposited right into your account.
Basically, you
deposit money to a bank and they open you up a credit line for that amount.
Escrow is
basically depositing money with one entity that will deliver it to another upon the completion of a transaction or a set of conditions.