Encyclopedia > Deposit

  Article Content

Deposit

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



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Reformed churches

... churches, some have split in turn. Only some of the continuing branches from the main bodies are listed here, with the year of their separation. Cumberland Presbyterian ...

 
 
 
This page was created in 24 ms