Deposit Period Contract मुफ़्त में
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2016-04-21
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2016-12-07
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What is deposit contract?
Deposit contract is an agreement between a financial institution and its customer This contract governs the treatment of deposited funds and the payment of checks and also other demands against the customer's account.
What is deposit contract liquidation?
An asset liquidation agreement (ALA) is a contract between the Federal Deposit Insurance Corporation (FDIC) and private sector contractors hired to manage the assets of failed financial institutions.
What is a bank agreement?
A bank deposit agreement, also called a Bank Investment Contract (BIC), is an agreement between a bank and an investor where the bank provides a guaranteed rate of return in exchange for keeping a deposit for a fixed amount of time (usually several months to several years).
How do banks make money on term deposits?
Term Deposit Explained When an account holder deposits funds at a bank, the bank can use that money to lend to other consumers or businesses. In return for the right to use these funds for lending, they will pay the depositor compensation in the form of interest on the account balance.
What is difference between term deposit and fixed deposit?
Term deposit is often used when the deposit is extended for a certain term say 3 months, 6 months etc. while fixed deposit or FD is used when the deposit is for a period of six months or more. The deposit account offers a higher rate of return than savings bank account.
What is the legal definition of a deposit?
Deposit Law and Legal Definition. Deposit means ailment of goods or property to another who promises to keep it or use it and return it in kind. For example, the act of placing money in a bank for security purpose and convenience. The money or property so given is also known as the deposit.
What is a necessary deposit?
A necessary deposit is such as arises from pressing necessity. For instance, in case of a fire, a shipwreck, or other overwhelming calamity. A voluntary deposit is such as arises without any such calamity, from the mere consent or agreement of the parties.
What does it mean on deposit?
Money that is on deposit is saved in a bank or something similar: I've got £5,000 on deposit in the bank. Saving money.
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