| 释义 |
deposit account
deposit account n (Banking & Finance) Brit a bank account that earns interest and usually requires notice of withdrawal Thesaurus| Noun | 1. |  deposit account - a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interesttime deposit accountsavings account - a bank account that accumulates interest |
Translationsdeposito vincolatogiacimentoEncyclopediaSeebank depositLegalSeebank accountdeposit account
Bank AccountAn agreement between a bank and a person or institution, whereby the bank agrees to hold money and/or other assets on behalf of the other party. What the holder may do with those assets depends upon the nature of the account. In a checking account or a savings account, the bank holds money and pays the client a certain percentage in interest. This payment gives the bank the right to lend the money to other clients or invest it within the confines of law and banking regulations. However, the client has the right to withdraw the total amount of money on demand.deposit account see COMMERCIAL BANK.deposit account or time account or savings account an individual's or company's account at a COMMERCIAL BANK into which the customer can deposit cash or cheques and from which he or she can draw out money subject to giving notice to the bank. Deposit accounts (unlike CURRENT ACCOUNTS, which are used to finance day-to-day transactions) are mainly held as a form of personal and corporate SAVING and used to finance irregular ‘one-off payments.AcronymsSeedrug abusedeposit account
Related to deposit account: savings account, Demand deposit accountSynonyms for deposit accountnoun a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interestSynonymsRelated Words |