Deposit: what is it and why is it needed?

Deposit – storage of funds in banks, which in certain conditions and within a certain period are subject to return. The term “deposit” comes from the Latin language and is translated as “pledge” or “thing deposited.” Under the bank deposits understand the funds that the client sends to the bank with the condition of cash reward. This means that the financial institution puts this money into circulation, then makes a profit and shares it with investors. (more…)