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What are site deposits?

Sight deposits (also known as call deposits) are deposits which can be withdrawn from a bank either without notice, or after a very short notice period. As a customer, you can withdraw all of the money making up your sight deposits whenever you choose to.

What is an assignment of deposit?

Assignment of Deposit means that certain Assignment of Deposit dated on or about the Sixth Amendment Effective Date between the Borrower and the Administrative Agent. Sample 1Sample 2. Assignment of Deposit means that certain that certain Security Agreement (Assignment of Deposit Account) dated June 17, 2021.

What are the different modes of deposit?

There are two types of deposits: demand and time. A demand deposit is a conventional bank and savings account. You can withdraw the money anytime from a demand deposit account. Time deposits are those with a fixed time and usually pay a fixed interest rate, such as a certificate of deposit (CD).

Does deposit mean putting in money?

In financial terms, making a deposit means that youre placing money in a banking institution for safekeeping or for other purposes. A deposit can be a thing, or it can be an action you take.