Deposit: Difference between revisions
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imported>Doug Williamson (Add definition. Source: Linked pages) |
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1. ''Sales - reservation.'' | 1. ''Sales - reservation - noun.'' | ||
A sum of money paid by a buyer as part of the sale price of something in order to reserve it. | A sum of money paid by a buyer as part of the sale price of something in order to reserve it. | ||
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2. ''Security.'' | 2. ''Security - noun.'' | ||
A refundable amount paid as security, for example by a tenant in relation to a lease. | A refundable amount paid as security, for example by a tenant in relation to a lease. | ||
3. ''Risk management.'' | 3. ''Risk management - noun.'' | ||
A sum of money lent to or placed with a financial organisation, such as a bank, for a set period or an indeterminate period for safekeeping or to earn interest or as a security to cover potential trading losses. | A sum of money lent to or placed with a financial organisation, such as a bank, for a set period or an indeterminate period for safekeeping or to earn interest or as a security to cover potential trading losses. | ||
4. ''Verb.'' | |||
To place money into a bank account, or to place any valuable item for safekeeping. | |||
Latest revision as of 20:19, 11 September 2022
1. Sales - reservation - noun.
A sum of money paid by a buyer as part of the sale price of something in order to reserve it.
The deposit may or may not be returned if the sale is not completed.
2. Security - noun.
A refundable amount paid as security, for example by a tenant in relation to a lease.
3. Risk management - noun.
A sum of money lent to or placed with a financial organisation, such as a bank, for a set period or an indeterminate period for safekeeping or to earn interest or as a security to cover potential trading losses.
4. Verb.
To place money into a bank account, or to place any valuable item for safekeeping.
