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deposit account |
Also found in: Dictionary/thesaurus, Legal, Acronyms, 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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Depository institutions sometimes provide overdraft services to deposit account customers as an alternative to a traditional overdraft line of credit. The new program is called the Certificate of Deposit Account Registry Service - known as CDARS. On receiving the $89 million headlease prepayment, FM deposits $54 million into a deposit account with an affiliate of BK1 and $6 million into a deposit account with an affiliate of BK2. |
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