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- Examples of deposits include1:
- Deposits required on many large purchases, such as real estate or vehicles, for which sellers require payment plans. Financing companies typically set these deposits at a certain percentage of the full purchase price. A down payment on a home is essentially a deposit.
- Demand deposits, which include checking accounts, savings accounts and money market accounts23.
- Time deposits, which include certificate of deposit (CD) accounts and individual retirement accounts23.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Example of a Deposit Deposits are often required on many large purchases, such as real estate or vehicles, for which sellers require payment plans. Financing companies typically set these deposits at a certain percentage of the full purchase price. A down payment on a home is essentially a deposit.www.investopedia.com/terms/d/deposit.aspThe two types of deposits are demand deposits and time deposits. Demand deposit accounts include checking accounts, savings accounts and money market accounts. Time deposit accounts include certificate of deposit (CD) accounts and individual retirement accounts.www.indeed.com/career-advice/career-developme…The following are the two common types of deposits:
corporatefinanceinstitute.com/resources/wealth-ma… - People also ask
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