Deposit: Difference between revisions
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imported>Doug Williamson (Add link.) |
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* [[Hot money]] | * [[Hot money]] | ||
* [[NMD]] | * [[NMD]] | ||
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Revision as of 16:54, 9 August 2016
- 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.
- 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.
