Examlex
Distinguish between shortage and scarcity.
Bank Loan
A sum of money lent at interest by a bank to a borrower, usually on collateral security, for a certain period.
Collection Float
The time period between when a check is deposited and when the funds are made available.
Chequing Account
A bank account from which money can be withdrawn without notice, typically used for day-to-day spending and bill payments.
Deposit
A deposit refers to a sum of money placed into an account or given to another party as security for future transactions, often used in banking, leasing, and rental agreements.
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