Bank deposits - Hutchinson encyclopedia article about Bank deposits Printer Friendly
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deposit account
(redirected from Bank deposits)

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deposit account

In banking, an account in which money is left to attract interest, sometimes for a fixed term. Unlike a current account, the deposit account does not give constant access.
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The Supreme Court of Argentina ruled unconstitutional the government's devaluation of bank deposits in January 2002, a decision which caused the Argentine peso to lose 70% of its value.
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For example, the Service tracks funds from known sources to deposits made to a taxpayer's bank accounts, rather than analyzing bank deposits to identify unreported income from unknown sources.
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