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No they cannot. Only Banks and approved financial institutions can accept investment deposits. This is because, attorneys are not authorized to handle customer cash or investments. If the attorney to whom you give your cash, makes losses or declares bankruptcy, all your money is gone and nobody will be able to help you.
What else can I help you with?
What is taxable investment?
An investment, whose returns are taxable can be termed as taxable investment. For ex: In India, the interest earned on bank deposits are taxable. Hence depositing money in fixed deposits can be considered as a taxable investment
What is a low risk investment?
Bank Deposits
Which is a non-depository financial institution?
A non-depository financial institution is an entity that does not accept deposits from customers but offers financial services and products. Examples include insurance companies, investment firms, and brokerage houses. These institutions may provide loans, investment opportunities, and financial advice, but they do not hold customer deposits like banks or credit unions do.
What kind of tenure periods are offered under investment term deposits?
Investment term deposits have flexible tenure periods with the facility of online and phone banking.
What type cases do family law attorneys accept?
Family law attorneys accept cases that have to do with the family such as divorce cases, custody cases, and child abuse cases. It is a very emotional job.
Difference between depository and none depository institution?
Depository institutions, such as banks and credit unions, accept deposits from customers and offer services like savings and checking accounts. They are regulated and insured, providing a safe place for individuals to store their money. Non-depository institutions, like insurance companies and investment firms, do not accept deposits but may offer financial services such as loans, investments, or insurance products. The key difference lies in their ability to accept deposits and the types of financial services they provide.
What five services that a bank supply?
banks accept deposits,grant loans,sell insurance products,sell investment products like mutual funds and provide safe deposit lockers and vaults.
Which financial institutions does not take customer deposits?
investment bank
How does the federal reserve accept deposits?
You are gunna die.
What is the difference between depository and nondepository institution?
Depository institutions, such as banks and credit unions, accept deposits from customers and provide services like savings accounts, checking accounts, and loans. In contrast, nondepository institutions, such as insurance companies, investment firms, and finance companies, do not accept deposits; instead, they provide services like investments, insurance, and loans based on capital raised from other sources. The key difference lies in the acceptance of deposits and the types of financial services offered.
Do visa member banks accept cash deposits?
Yes
Is fixed deposit an investment?
Yes. Any action where our money earns us some more money is an investment. In case of fixed deposits, banks pay us a fixed rate of interest on our deposits which is an income that our money is earning for us. So, definitely it is an investment.
