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deposit account |
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deposit accountIn 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Depository institutions sometimes provide overdraft services to deposit account customers as an alternative to a traditional overdraft line of credit. The new program is called the Certificate of Deposit Account Registry Service - known as CDARS. On receiving the $89 million headlease prepayment, FM deposits $54 million into a deposit account with an affiliate of BK1 and $6 million into a deposit account with an affiliate of BK2. |
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deposit account
