a U.S. savings account or a certificate of deposit, issued by a financial institution. While the savings account is for a fixed term, deposits are accepted with the understanding that withdrawals may be made subject to a period of notice. Banks are authorized to require at least 30 days' notice. While a certificate of deposit is equivalent to a term account, passbook accounts are generally regarded as funds readily available to the account holder.
Wiktionary Definition for: Time Deposit
a deposit in a bank that cannot be withdrawn before a specified date
When a system has been in place for a very long time, and has been successful, as is undoubtedly the case with federal deposit insurance in the United States, it is all too easy to lose sight of the basic principles that guide it--or should guide it. So before evaluating...
Deposit insurance reform legislation that will strengthen the Federal Deposit Insurance Corp. passed on February 1. America's Community Bankers has been a long-time supporter of reforming the federal deposit insurance system.
Use this template to inform the customer that on his/her deposit and order you have keep the vehicle ready to deliver and contacted him/her for many times but did not get any response and to make aware the customer about if he/she will not take delivery within specific time period...
Deposit insurance rules revised. Banks must make a one-time customer mailing informating them of new adjustments FDIC made in ... Deposit insurance rules revised. Banks must make a one-time customer mailing informating them of new adjustments FDIC made in May to deposit insurance coverage of certain...
The Federal Deposit Insurance Corp. Board of Directors has approved increasing the deposit insurance coverage on certain retirement accounts at a bank or savings institution from $100,000 to $250,000. The increase, the result of a new law boosting federal deposit insurance coverage for the first time in more than 25...
The author aims to provide guidelines for the pricing of deposit insurance in different countries. He presents several methodologies that can be used to set benchmarks for the pricing level of deposit insurance in a country, and quantifies how specific design features affect the cost of deposit insurance. The author...
This tool will help you to determine the future value of a one-time investment. To calculate the future value of a one-time investment, enter the deposit amount, the interest rate you expect to earn, and the number of years you will allow the investment to grow, then click the "Compute"...
The article says that federal deposit insurance was created in a period of economic crisis to stabilize the economy by protecting depositors. By any measure, it has been remarkably effective in achieving its goals over the years. It is no less important today. Deposit insurance reform is not about increasing...
This article examines several main deposit insurance issues and analyzes the trade-off that deposit insurance requires between certain public-policy objectives and the attendant costs and risks. It discusses the role and functions of deposit insurance and the nature of the moral hazard and principal/agent problems inherent in deposit insurance. It...
Even in nowadays e-commerce environment, checks aren't going away any time soon. Bank of America alone processes billions every year. There are ways to operate more efficiently when handling checks. This paper explains Bank of America's Remote Deposit Service that gives you the tools to scan checks yourself from any...
This article deals with some deposit pricing fundamentals. It is true that some sources of funding are more expensive than others. The evidence comes right out of general ledger, budgeting, and ALCO system reports. After all, calculating the cost of funds is simple. Some of the other fundaentals include: marginal...
This white paper document reveals about e-Deposit. The e-Deposit is a deposit that could be managed in electronic form. The concept of fund accessible for different financial transaction makes the e-Deposit appropriate for use at universities. The application is implemented in three-tier architecture. Because of the extensive exchange of financial...
This article is about the payment method that explains the direct deposits method. How do you make direct deposits more attractive to those hard-to-convince employees who insist on cashing a check every payday? Offer something of greater value to the employee than not having direct deposit. Here are some...
The author examines the federal deposit insurance program and traces deposit insurance coverage from its original amount of $2,500 in 1934 through each subsequent increase to the current coverage amount of $100,000. The article is intended to provide a background for the current debate on increasing deposit insurance coverage....
The authors summarize and discuss results of a Federal Deposit Insurance Corporation survey of foreign deposit insurance organizations. The article focuses on risk-assessment practices of these deposit insurance organizations
ATLANTA -- Alogent Corp., a leading provider of enterprise deposit automation technologies for global financial institutions and processors, today announced Everett, Wash.-based Frontier Bank, has chosen its Sierra Xpedite[R] Remote Deposit[TM] solution to provide a turn key remote deposit automation approach for its commercial customers.
This is a template for receipt of non-refundable deposit toward the purchase of property being sold in a real estate transaction. Seller agrees to remove the property from the market until balance of purchase price is paid. Buyer acknowledges that the deposit is non-refundable. Seller will retain the deposit as...
Over the past several years, the FDIC conducted a comprehensive review of the deposit insurance system in three key areas: pricing, fund maintenance, and coverage. Discussions with bankers, trade and consumer groups provided valuable input during this process. In April 2002, the FDIC published a set of recommendations designed to...
Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to announce that a recently completed IP geophysical survey covering the La Verde Grande Cu-Ag-Zn-Au skarn deposit indicates that the deposit may extend over a strike length of more than 400 metres. In addition, the study has identified three additional...
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