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certificate of deposit a document issued by a savings institution stating that the named person has a specified sum of money on deposit.
demand deposit a bank deposit that can be withdrawn with no advance notice.
direct deposit a way of getting paid so that the money goes straight into your bank account. You receive a notice of deposit instead of a pay check.
Federal Deposit Insurance Corporation a U.S. governmental agency that insures deposits in member commercial banks up to a certain amount to protect the public against a bank's failure, and can act to prevent a bank's failure. (abbr.: FDIC)
safe-deposit of or designating secure storage for valuable items, as in a bank vault or lockbox; safety deposit.
safety deposit see "safe-deposit."
time deposit a deposit of funds in a bank which can be withdrawn only at the end of a specified period, or after the depositor has given advance notice.