What Is a Deposit? Definition, Meaning, Types, and Example
3:05
YouTubeSimple Explain
What Is a Deposit? Definition, Meaning, Types, and Example
Today, we will talk about what a deposit is, how it works, and examples of deposits in everyday life. A deposit refers to money held in a bank account and can also be the funds used as security or collateral for the delivery of goods or services. Deposits can be made into checking, savings, and time deposit accounts, and may or may not earn ...
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