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deposit [de-poz´it] 1. sediment or dregs. 2. extraneous inorganic matter collected in the tissues or in an organ of the body. de·pos·it (dĕ-poz'it), 1. A sediment or. Click to Play!

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A deposit is a financial term that has multiple definitions.On the one hand, a deposit is a transaction involving a transfer of funds to another party for safekeeping.
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Electronic funds transfer (EFT) are electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.
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Deposit protection schemes are not applicable to any deposits paid before the signing of a rental agreement – although such preliminary deposits are later incorporated into the scheme. Protection schemes are also not required when landlords are living in the same property as the tenant. 5. There are two basic types of deposit protection scheme.
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