answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What does it mean to deposit an instrument of credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is a deposit a credit or debt?

Credit :)


What is cash deposit credit adjustment?

When you have cash deposit credit adjustment how do you post it to ledger account


What is a unsecured credit card?

A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.


What does mean non-cash deposit?

It is a monetary deposit (on a good or service) that is not paid in cash; i.e. it must be paid by cheque or credit/debit card.


Can a landlord damage your credit if they never took a security deposit or Social Security Number from you?

No, they have to have your SS# to be able to do anything with your credit. Also a security deposit doesn't mean anything when it comes to renting if you do not pay your rent or get evicted due to another cause it has nothing to do with your credit.


Is a certificate of deposit a negotiable instrument?

yes


Can you Get a CD with bad credit?

Yes. A Certificate of Deposit (CD) is a deposit instrument has the following features: * Guaranteed principal * Guaranteed periodic interest * FDIC insured * Low/no cost to purchase Your credit rating is not considered when you purchase a CD. Only your ability to fund the CD (with cash or other liquid investments) is considered.


What does counter credit mean?

Counter credit means a person went into a bank and made a deposit with the teller. Sometimes this term will show up on your bank statement.


Is a deposit a debit or a credit?

A bank deposit slip is used for credit. Credit is an action in which money is deposited into a bank account. For doing so, we need to fill a deposit slip. The deposit slip contains details like the name of the account holder, amount of money deposited, the denominations, date of deposit etc.


Is a bank deposit slip a credit or debit?

A bank deposit slip is used for credit. Credit is an action in which money is deposited into a bank account. For doing so, we need to fill a deposit slip. The deposit slip contains details like the name of the account holder, amount of money deposited, the denominations, date of deposit etc.


Does Thrifty Car Rentals require a deposit before you can rent one of their cars?

If you don't have a credit card you'll be required to pay a deposit. If you use a credit card they may charge your credit card for a deposit. Typically this is the estimated rental costs plus 15 %. Once the car is returned in proper condition the charge is removed from your credit card. Like most all other rental agencies, yes they do. The benefit to this is that Thrifty will not charge your credit card the deposit, they simple have the deposit amount on file, and your credit information if they have reason to charge the deposit they will other wise when you return the vehicle in the condition it was rented out in you will not even be charged the deposit.


What is cash deposit adjustment?

When you have cash deposit credit adjustment how do you post it to ledger account