Demand Deposit Account Definition
The meaning of DEPOSIT is to place especially for safekeeping or as a pledge. After paying the security amount the buyer can inspect the property. The Difference Between Term Deposit Vs Demand Deposit To put something valuable especially money in a bank or safe. . It varies based on the housing market demand and the property value. Noun an act of demanding or asking especially with authority. A real estate broker or a title company holds the deposit in an escrow or trust account. A demand of the immediate return of the full amount of the deposit as well as a time limit such as no later than seven 7 days at which point you will take the matter to small claims court. A transaction account also called a checking account chequing account current account demand deposit account or share draft account at credit unions is a deposit account held at a bank or other financial institution. Transactions on deposit accounts are recorded