Deposit (finance)

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Individuals and corporations need money to pursue their daily business. They place the money on deposit to earn interest, using the money market. Types of deposits are:

  • Transactional account (checking account or current account, by country), the depositor has the right to use the money at any time, sometimes short notice periods are agreed; also called call deposit or sight deposit
  • Term deposit (also time deposit), bear a fixed time and fixed interest rate[1]
  • Overnight lending occurs usually from noon to noon, using a special rate. to give as security or in part payment.

See also[edit]

References[edit]

  1. ^ term deposit, Investopedia, accessed 2012-05-14.