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| What is a Deposit?
Deposit has many different meanings, for example a money put up in advance to show that the customer is interested in the purchase. Deposit can also stand for the transfer of funds in to a bank account. Money put up as collateral in a contract.
You can make deposit for different purposes like put it in to a bank for safe keeping. Or in a contract to show good will. Or before you buy a car or house to show that your interested to buy it. | | | | |
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