savings deposit


savings deposit
A deposit in a savings bank or with a building and loan association. See Christmas club deposit.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • savings deposit — noun : a bank deposit usually of an individual or a nonprofit organization drawing regular interest and payable on 30 days notice …   Useful english dictionary

  • savings deposit — predetermined amount of money deposited into a bank account over a period of time in order to save money …   English contemporary dictionary

  • Savings account — Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while… …   Wikipedia

  • deposit — de·pos·it 1 /di pä zət/ vt 1: to place for safekeeping or as security may deposit the property with the court; esp: to put in a bank account 2 in the civil law of Louisiana: to place (movable property) under a deposit the depository can not make… …   Law dictionary

  • Deposit insurance — Experiences from bank runs during the Great Depression led to the introduction of deposit insurance in the US …   Wikipedia

  • savings bank — a bank that receives savings accounts only and pays interest to its depositors. [1810 20] * * * Financial institution that gathers savings and pays interest or dividends to savers. It channels the savings of individuals who wish to consume less… …   Universalium

  • Savings Bank Building — U.S. National Register of Historic Places Michigan State Historic Site …   Wikipedia

  • deposit account — USA Defined in the UCC as a demand, time, savings, passbook, or similar account maintained with a bank; the term does not include investment property or accounts evidenced by an instrument (UCC § 9 102(a)(29)). A deposit account is an asset type… …   Law dictionary

  • deposit account — deposit accounts N COUNT A deposit account is a type of bank account where the money in it earns interest. [BRIT] (in AM, use savings account) …   English dictionary

  • deposit account — savings account …   English contemporary dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.