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deposit account |
Also found in: Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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deposit account Noun Brit a bank account that earns interest
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Depository institutions sometimes provide overdraft services to deposit account customers as an alternative to a traditional overdraft line of credit. The new program is called the Certificate of Deposit Account Registry Service - known as CDARS. On receiving the $89 million headlease prepayment, FM deposits $54 million into a deposit account with an affiliate of BK1 and $6 million into a deposit account with an affiliate of BK2. |
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