You are here: Home Page
/
Dictionary
Moneyextra.com
- Our Online Buys
- Get a Loan
- Get a Credit Card
- Get a Mortgage
- Cheap Car Insurance
- About Us
- Contact Us
- My Portfolio
-
Money News
- Finance Features
- News Feeds
- Guides
- Dictionary
Deposit
Additional Services
- Conveyancing - get a competitive online quote
- Credit Reports - how credit worthy are you?
- Home Insurance - great buildings & contents cover
Deposit, in simple terms, is the sum you put down as the first instalment in a series of payments. In purchasing property it's the sum payable by the buyer - as a sign of good faith - to the seller when the initial agreement is made.
The term may also be used more generally to describe a contribution by the buyer to the purchase price.
See Also:Moneyextra's Mortgage Comparison service
Last Updated: June 2007 © Moneyextra.com
MoneyExtra.com recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.