Departmdepositformnew doc - southalabama 2025

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security deposit. noun. : money provided by a tenant to a landlord to secure performance of a rental agreement or compensate for possible loss or damage.
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As a security deposit. Usually, at check-in, hotels take a deposit to cover the total stays room charges, a fixed amount for incidentals per day during the stay. This ensures covering any incidental charges and (in the case of) damages to the room.
A notice deposit (also known as a notice account) is a bank account that allows you to withdraw funds, but only after youve given notice. It offers competitive interest rates, flexibility to access funds depending on the notice period you choose when you apply, and no fixed maturity dates.
Departmental Deposits is an online application that allows departments to prepare electronic deposits.
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