advance deposit account

advance deposit account
advance deposit account - A debit account into which a mailer deposits funds that are maintained by the USPS and from which postage is later deducted at the time of mailing. (Also called trust account)

Glossary of postal terms. 2014.

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  • deposit account — noun a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest • Syn: ↑time deposit account • Hypernyms: ↑savings account * * * noun 1. Britain : a bank… …   Useful english dictionary

  • deposit — ▪ I. deposit de‧pos‧it 1 [dɪˈpɒzt ǁ dɪˈpɑː ] noun 1. [countable] BANKING an amount of money paid into a bank account or held in a bank account, especially when it is earning interest: • Residents have some $4 billion in deposits in local… …   Financial and business terms

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • trust account — (See advance deposit account) …   Glossary of postal terms

  • Advance-fee fraud — African sting An advance fee fraud is a confidence trick in which the target is persuaded to advance sums of money in the hope of realizing a significantly larger gain.[1] Among the variations on this type of scam are the Nigerian Letter (also… …   Wikipedia

  • deposit — de|pos|it1 W3 [dıˈpɔzıt US dıˈpa: ] n 1.) a part of the cost of something you are buying that you pay some time before you pay the rest of it deposit of ▪ A deposit of 10% is required. put down a deposit (on sth) (=pay a deposit) ▪ We put down a… …   Dictionary of contemporary English

  • deposit — /dɪ pɒzɪt/ noun 1. money placed in a bank for safe keeping or to earn interest ♦ deposit at 7 days’ notice money deposited which you can withdraw by giving seven days’ notice 2. money given in advance so that the thing which you want to buy will… …   Dictionary of banking and finance

  • deposit — 1 noun (C) 1 SUM OF MONEY the first part of the money for a house, car, holiday etc, that you pay so that it will be kept for you: put down a deposit (on) (=pay a deposit): We put down a deposit on a house last week. 2 RENT money that you pay… …   Longman dictionary of contemporary English

  • Deposit model — In the field of archaeology a deposit model is a method of identifying the character and degree of survival of buried archaeological remains over a specified area without necessarily excavating the whole area. Following the introduction of… …   Wikipedia

  • Federal Deposit Insurance Corporation — FDIC …   Wikipedia

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