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Mortgage Glossary
Mortgage Glossary
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
D Deposit
What does Deposit mean?

A deposit is the sum of money you pay upfront to the seller of a property, sum which is usually paid after the completion of the contract/agreement.

A deposit can also mean the sum of money you regularly feed your banking account with, so that you build yourself a capital which will accumulate interest over a period of time. It also may refer to the very first payment you are required to make when contracting a loan for example.
Next word: Discounted Mortgages (low start)
Previous word: Deferred Interest Mortgage
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