Deposit: Difference between revisions
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imported>Doug Williamson (Expand to cover deposits paid by lessees.) |
imported>Doug Williamson (Link with Sight deposits page.) |
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* [[NMD]] | * [[NMD]] | ||
* [[Security]] | * [[Security]] | ||
* [[Sight deposits]] | |||
* [[Stability]] | * [[Stability]] | ||
* [[Tenant]] | * [[Tenant]] | ||
Revision as of 05:50, 9 August 2017
1.
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.
A refundable amount paid as security, for example by a tenant in relation to a lease.
3.
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.
