Difference between revisions of "Deposit Account"
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Deposit accounts include savings accounts, money market accounts, and transactional accounts, such as demand deposit accounts, among others. | Deposit accounts include savings accounts, money market accounts, and transactional accounts, such as demand deposit accounts, among others. | ||
| − | == | + | == Service Domain == |
| − | + | This service domain handles the set-up and fulfillment of consumer fixed term deposits | |
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[[Category:Clients And Accounts]] | [[Category:Clients And Accounts]] | ||
| + | [[Category:BIAN Service Domain]] | ||
{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/FBC/ProductsAndServices/ClientsAndAccounts/index-en.html }} | {{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/FBC/ProductsAndServices/ClientsAndAccounts/index-en.html }} | ||
__SHOWFACTBOX__ | __SHOWFACTBOX__ | ||
Latest revision as of 16:02, 11 June 2021
Definition
Deposit Account. An account that provides a record of money placed with a depository institution for safekeeping and management
The account holder has the right to withdraw deposited funds, as set forth in the terms and conditions governing the account agreement. Deposit accounts may be insured up to a certain amount, depending on the jurisdiction.
Example
Deposit accounts include savings accounts, money market accounts, and transactional accounts, such as demand deposit accounts, among others.
Service Domain
This service domain handles the set-up and fulfillment of consumer fixed term deposits
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
