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Small sum of money given as deposit?

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Anonymous

15y ago
Updated: 8/17/2019

Earnest.

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Wiki User

15y ago

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A small sum of money given to show the intention of completing a contract?

earnest


Small sum of money given to show intention of completing contract?

Earnest


How is recurring deposit done?

A Recurring Deposit account is one in which the customer deposits a small sum of money (usually a few hundred or thousands) every month. The bank accepts a deposit every month and at the end of the deposit period (usually 12 months or higher) the bank would return the money deposited with them along with a good interest.


What is the Difference between term deposit and reccuring deposit?

Recurring Deposit: A Recurring Deposit account is one in which the customer deposits a small sum of money (usually a few hundred or thousands) every month. The bank accepts a deposit every month and at the end of the deposit period (usually 12 months or higher) the bank would return the money deposited with them along with a good interest. Term Deposit: A Term Deposit or a Fixed Deposit (FD) Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit


What is the sum of money given to welfare?

why is there always money for welfare


What is a sum of money given with no strings attached?

Zero


I got a job offer in cyndrake and they r asking me to deposit rs 100000 is it safe?

NO, It is not safe to deposit this lump sum money to a private company.


Can you deposit a large sum of money into a home equity line of credit?

Yes, deposit as much as you want, but in the current market, I advise you to keep it modest.


What is the difference between an escrow deposit and earnest money in a real estate transaction?

An escrow deposit is a larger sum of money held by a third party during a real estate transaction, while earnest money is a smaller deposit made by the buyer to show their commitment to the purchase.


What is a sum of money from which a person may withdraw called?

A sum of money from which a person may withdraw is typically referred to as a "deposit" in banking terminologies. When an individual deposits money into a bank account, they have the ability to withdraw funds as needed. This type of account allows for easy access to funds while also providing a safe place to store money.


What is an earnest money deposit and how does it factor into the home buying process?

An earnest money deposit is a sum of money that a buyer puts down to show their serious intent to purchase a home. It is typically a small percentage of the home's purchase price and is held in an escrow account until the sale is finalized. The earnest money deposit is a way for the buyer to demonstrate their commitment to the purchase and is often included as part of the offer to purchase a home. If the sale goes through, the earnest money deposit is applied towards the down payment or closing costs. If the sale falls through for reasons outlined in the contract, the earnest money deposit may be returned to the buyer.


What internet services are provided by PocztaOnet?

PoctzaOnet provides an internet service commonly referred to as a 419 scam. This means that they will ask you to send them a small deposit and in return they will send you a large sum of money. This invariably turns out to be a lie and any money sent is lost.