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In accounting, a down payment (also called a deposit in British English) is an initial up-front partial payment for the purchase of expensive goods or services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction. A loan of some sort is then required to finance the remainder of the payment.
If you were relying on a deposit to pay your bills and you came up short as a result of the delay — even if the money is now deposited in your account — here is what you can do to avoid ...
Container deposit legislation was repealed by Senate Bill 234. As of December 1, 2010, consumers no longer paid a deposit on containers; no refunds were paid after February 1, 2011. [45] Delaware had a non-refundable 4¢ tax per beverage container sold, which retailers remitted to the state monthly. This fee expired as of December 1, 2014. [46]
You can deposit a check made out to you and your mortgage company, but the lender will have to endorse it first. If you get a check with both yours and the lender’s name, you should contact your ...
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A demand deposit is a deposit that can be withdrawn or otherwise debited on short notice. Transaction accounts (known as "checking" or "current" accounts depending on the country) can be used to pay other parties, while savings accounts are typically payable only to the depositor or another bank account, and may have limits on the frequency of withdrawal.
On the other hand, the party making an advance payment retains no right to insist upon the return of the funds as long as the recipient fulfills the contractual agreement. [3] The security deposits required by many residential landlords of their tenants are the source of much dispute and litigation. Many states and municipalities have enacted ...
Every small business owner’s worst nightmare. 'Us small guys need some help': Oklahoma woman deposited $13.5K into her account, but the money didn't show up — leaving her scrambling to pay the ...