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Deposit account

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A deposit account is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder. [1]

25 relations: American English, Asset, Bank, Bank account, Bank regulation, Cheque, Demand deposit, Deposit insurance, Double-entry bookkeeping system, EFTPOS, English in the Commonwealth of Nations, Fractional-reserve banking, Interest, Legal tender, Liability (financial accounting), Monetary policy, Money, Money market account, Money supply, Negotiable Order of Withdrawal account, Savings account, Sweep account, Time deposit, Trading account assets, Transaction account.

American English, or United States (U.S.) English, is the set of dialects of the English language native to the United States.

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In financial accounting, an asset is an economic resource.

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A bank is a financial intermediary that creates credit by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet.

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A bank account is a financial account maintained by a financial institution for a customer.

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Bank regulations are a form of government regulation which subject banks to certain requirements, restrictions and guidelines.

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A cheque (or check in American English) is a documentSee the negotiable cow—itself a fictional story—for discussions of cheques written on unusual surfaces.

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Demand deposits, bank money or scriptural money are funds held in demand deposit accounts in commercial banks.

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Explicit deposit insurance is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due.

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Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account.

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EFTPOS (pronounced) — electronic funds transfer at point of sale — is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale.

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The use of the English language in most member countries of the Commonwealth of Nations was inherited from British colonisation.

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Fractional-reserve banking is the practice whereby a bank accepts deposits, and holds reserves that are a fraction of the amount of its deposit liabilities.

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Interest is money paid by a borrower to a lender for a credit or a similar liability.

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Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation.

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In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.

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Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form.

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A money market account (MMA) or money market deposit account (MMDA) is a non-financial account that pays interest based on current interest rates in the money markets.

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In economics, the money supply or money stock, is the total amount of monetary assets available in an economy at a specific time.

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In the United States, a negotiable order of withdrawal account (NOW account) is a deposit account that pays interest, on which an unlimited number of checks may be written.

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Saving accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a cheque).

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A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts.

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A time deposit (also known as a certificate of deposit in the United States, a term deposit, particularly in Canada, Australia and New Zealand; a bond in the United Kingdom; Fixed Deposits in India, Malaysia and in some other countries) is a money deposit at a banking institution that cannot be withdrawn for a certain term or period of time (unless a penalty is paid).

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Trading account assets refer to a separate account managed by banks that buy (underwriting) U.S. government securities and other securities for their own trading account or for resale at a profit to other banks and to the public, rather than for investment in the bank's own investment portfolio.

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A transaction account or demand deposit account is a deposit account held at a bank or other financial institution which is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct.

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Bank deposit, Bank deposits, Deposit & Withdrawal, Deposit (bank), Deposit accounts, Depositor, Depositors, Deposits.


[1] https://en.wikipedia.org/wiki/Deposit_account

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