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deposit account |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.04 sec. |
deposit accountEither of two basic bank deposit accounts. The demand deposit is payable on demand (see check). Theoretically, the time deposit is payable only after a fixed interval of time; in practice, withdrawals from most small time-deposit accounts are paid on demand. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Pozin says that companies shifted sweep assets into deposit accounts and direct purchases of overnight investments such as repurchase agreements, eurodollars and money market mutual funds. 1, State Farm Bank had about 3,300 deposit accounts and 2,500 consumer loans, Luedke said. 5 trillion in traditional savings accounts and money-market deposit accounts, which pay on average less than 2 percent annually. |
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