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Given that direct deposit happens routinely, it is a lot more effortless for the worker, who can depend on their paycheck arriving on payday without having to elevate a finger, and much more cost-effective to the employer, who doesn't have to invest income to print and distribute paper checks.
A deposit can also be an volume paid out In combination with the price of anything to ensure that you bring its container back when you have utilised it:
alluvial deposit, alluvial sediment, alluvium, alluvion - clay or silt or gravel carried by dashing streams and deposited the place the stream slows down
a : anything put for safekeeping Particularly : money deposited within a financial institution b : dollars offered to be a pledge or deposit
Regrettably, the immediate deposit procedure would not do the job for beneficiaries without having a bank account. These kinds of beneficiaries acquire their payments through a prepaid debit card.
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reduce a deposit I at the time shed a deposit on a flat After i knocked a little something above and stained the carpet.
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C1 [ C ] an sum of money you fork out any time you rent something, and it is returned to you when you come the point you've got rented:
(In case you make a deposit following the ten:00 p.m. Central time everyday cutoff, the following day and also the prior six calendar times might be included in figuring out your weekly limit.)
Contain your account details. As well as the above information, the most important information on the immediate deposit sort is your financial institution or credit score union account details.
You may have to pay for a deposit in several rental eventualities, regardless if you are leasing an apartment, car or truck, or A further products. The deposit is known as the security deposit. A protection deposit’s operate will be to address any prices affiliated with any opportunity damage finished towards the home or asset rented during the rental interval.
Some contracts demand a share of funds paid out before the check here shipping as an act of fine religion. As an example, brokerage corporations frequently have to have traders to create an First margin deposit to enter into a new futures agreement.