bank deposit

American  

noun

1. money placed in a bank against which the depositor can withdraw under prescribed conditions.

---

Etymology

Origin of bank deposit

First recorded in 1825–35

Example Sentences

He started hoarding dollars soon after Argentina’s 2001 financial collapse, when the government froze bank deposits and blocked cash withdrawals.

From The Wall Street Journal

The legislation, known as the Clarity Act, might shape the future of everyday financial services, including bank deposits and electronic payments.

From The Wall Street Journal

“It thus would likely not take too much of a shift from domestic bank deposits to Chinese equities for the unfolding bull market to keep going.”

From Barron's

This makes I bond taxation more favorable than that for bank deposits, whose interest is subject to federal, state, and local income taxes.

From Barron's

He argues instead, that tokenized bank deposits, a transferable digital token on a unified ledger, stand a far better chance of becoming the favored form of cash in many countries.

From MarketWatch