Encyclopedia > Deposit

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A deposit is a specific sum of money taken and held on account, by a bank as a service provided for its clients. A financial institution wishing to take deposits are generally required be under financial supervision, and to hold a banking license.

The sum of the held deposits represents an asset, which the bank in turn can use to give loans.

See also: Finance

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... of the community is 18 inhabitants per km². External links Ludvika (http://www.ludvika.se) - Official site Municipalities of Dalarna[?]: Avesta ...

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