Tag: deposit
Uncollected Funds
What is 'Uncollected Funds' The amount of a bank deposit that comes from checks that have yet to be cleared by the...
Federal Deposit Insurance Corporation (FDIC)
What is the 'Federal Deposit Insurance Corporation - FDIC' The Federal Deposit Insurance Corporation (FDIC) is the U.S. corporation insuring deposits in...
Certificate of Deposit
DefinitionA certificate of deposit is a time deposit, a financial product commonly sold in the United States and elsewhere by banks, thrift institutions, and...
National Credit Union Administration (NCUA)
What is 'National Credit Union Administration - NCUA' An agency of the United States federal government that was created to monitor federal...
Callable Certificate Of Deposit
What is 'Callable Certificate Of Deposit' An FDIC insured certificate of deposit (CD) that contains a call feature similar to other types...
Call Deposit Account
What is a 'Call Deposit Account'
A call deposit account is a bank account for investment funds that offers the advantages of both a savings...
Safe Deposit Box
DefinitionA safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank...
Earnings Credit Rate (ECR)
Earnings Credit Rate (ECR) What is 'Earnings Credit Rate - ECR' A daily calculation of interest paid on idle funds that reduce...
Layaway
DefinitionLayaway is an agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay...
Earnest Money
DefinitionAn earnest payment is a specific form of security deposit made in some major transactions such as real estate dealings or required by some...