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The amount of money deposited by a saver is referred to as the principal or initial deposit. This is the sum of money that a saver puts into a savings account or investment, which can accrue interest over time. The total amount can vary based on the saver’s financial goals and capabilities.
What else can I help you with?
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
What is the amount of money borrowed or deposited called?
The amount of money borrowed or deposited is called the "principal." In the context of a loan, it refers to the original sum of money borrowed before any interest is applied. For deposits, it signifies the initial amount placed into a financial account. The principal is crucial as it serves as the basis for calculating interest earnings or payments.
The amount of money first deposited into a savings account is called?
i think it is PRINCIPAL but im not sure.
What happens if you deposit 10000.00 into a bank?
Actually nothing special happens. The few things that happen are:Your bank balance increases by 10000 (the amount you deposited)The money you deposited is available for withdrawal anytime you wantThe money you deposited starts earning an interest for you for as long as this money is kept in that account.
Are you a money-saver or a money-waster?
Money-waster probably
If you deposit money and the guy changes his mind does he have to pay you back?
that person who you deposited the money has to pay you double the amount you deposited
How much money can be deposited into a tax free savings account?
The annual amount of money that can be deposited into a tax free savings account for 2013 is $5,500. The amount will vary depending on your country of residence.
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
Is the amount in the pf account half of the actual amount?
No. Not at all. The amount in the PF account equals all the money that was deposited into it + interests
What is the amount of money borrowed or deposited called?
The amount of money borrowed or deposited is called the "principal." In the context of a loan, it refers to the original sum of money borrowed before any interest is applied. For deposits, it signifies the initial amount placed into a financial account. The principal is crucial as it serves as the basis for calculating interest earnings or payments.
The amount of money first deposited into a savings account is called?
i think it is PRINCIPAL but im not sure.
What happens if you deposit 10000.00 into a bank?
Actually nothing special happens. The few things that happen are:Your bank balance increases by 10000 (the amount you deposited)The money you deposited is available for withdrawal anytime you wantThe money you deposited starts earning an interest for you for as long as this money is kept in that account.
Does a secured credit card build credit the same was a normal card?
No, you have to deposit money in the account first, after that they give you a credit based on the amount you deposited. But the deposited amount stays in there until they change it to an unsecured card.
Are you a money-saver or a money-waster?
Money-waster probably
What is contribution refer to provident fund?
Contribution refers to the amount of money that gets deposited into the pf account
What happens to the deposited money when loans are paid off and how is it affected by the repayment process?
When loans are paid off, the deposited money is typically returned to the lender. The repayment process affects the deposited money by reducing the amount available for lending to other borrowers. This can impact the lender's ability to generate income from interest on loans.
What is the maximum check amount that can be deposited into this account?
The maximum check amount that can be deposited into this account is 10,000.
