A
- Ability to pay
- Account class
- Accounting
- Accounting principles
- Accounting software
- Accounting system
- Accounts receivable
- Accrual accounting
- Advance payment
- Annual report
- Assets
- Association
- Audit
- Auditor
B
- Bad debt
- Balance
- Balance sheet
- Bank deposit
- Bank reconciliation
- Board
- Bond
- Bookkeeping
- Break-even point
- Budget
- Business
- Business number
- Business plan
C
- Capital
- Cash balance
- Cash flow
- Cash flow budget
- Chartered Accountant (CA)
- Claim
- Commission
- Conglomerate
- Cost
- Cost price
- Credited invoice
- Credit in accounting
- Credit note
- Creditor
- CRM
- CSV file
- Currency
- Current assets
- Customer
- Customer list
D
- Deadline
- Debit
- Debiting
- Debt
- Debt collection
- Debtor
- Delay interest
- Depreciation
- Deviation
- Discount rate
- Dividend
- Documentation
- Double entry bookkeeping
E
- EInvoicing
- Electronic archive
- Ending balance
- Equity
- Expense
F
- Factoring
- Fee
- FIFO
- Financial accounting
- Financial capital
- Fiscal year
- Fixed assets
- Fraud
- Freelancer
- Full-time equivalent (FTE)
G
- GDP
- General ledger
- General meeting
- Goodwill
- Gross and net
- Gross profit
- Group contribution
H
- Holding company
I
- IBAN
- IFRS
- Income
- Income statement
- Incoming invoice
- Inflation
- Intangible assets
- Interest
- Inventory management
- Inventory management system
- Investment company
- Invoice
- Invoice number
- Invoice sales
- Invoice scanning
- Invoice template
- Invoicing
- Invoicing software
J
K
- Key performance indicator (KPI)
L
- Late fee
- Late payment fee
- Late payment interest
- Legal entity/person
- Linear depreciation
- Liquid assets
- Liquidity
M
- Means of payment
N
- Nominal interest rate
O
- Opening balance
- Operating accounting
- Operating assets
- Operating cost
- Operating expenditure
- Operating profit
- Outgoing invoice
- Outsourcing
- Overdraft
- Overtime
P
- Packing slip
- Parent company
- Payment ability
- Payment reminder
- Payroll software
- Point of sale system (POS)
- Premium rate
- Profit
- Profit margin
- Proforma invoice
- Project accounting
- Purchase cost
Q
- Quoting software
R
- Receipt
- Receipt scanning
- Reconciliation
- Reputation
- Result
- Return on investment
- Rounding
S
- Salary
- Scrap value
- Shareholder register
- Shelf company
- Solvency
- Stock
- Supplier
- Supplier credit
- Supplier debt
- Supplier list
- SWIFT
T
- Tax
- Tax deduction
- Time tracking
- Transaction
- Travel expenses
- Trial balance
- Turnover
U
V
- Variable costs
- Voucher
W
- Wage cost
X
Y
Z

What is bank deposit

Bank deposit simply means that you or your company place money in the bank.

This is considered a very secure way of storing money, with a government guarantee at the bottom: In Australia, The Financial Claims Scheme (FCS) guarantees AUD 250,000 in deposits per legal entity (either a company or an individual), if something were to happen to the bank.

When individuals and companies deposit money in banks as bank deposits, this ensures that banks can lend money to their customers again.

Bank deposit = liquid assets

Cash in the form of bank deposits is just one of several ways to store value. Other forms can be stock savings, stock portfolios, investments in real estate, equipment, etc.

Bank deposits are one of the most liquid ways to store value because they consist of cash that is available for use. There’s no need to convert them into marketable assets through for example selling real estate, making them a good option for immediate financial needs.

Back to glossary

What is bank deposit

Bank deposit = liquid assets

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