Deposit

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Revision as of 19:44, 11 August 2013 by imported>Doug Williamson (Spacing and indentaion)
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  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 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.

See also