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deposit Like any deposit, it may take a day to several days for mobile checks to be processed, depending on the bank, when you made the deposit, and how much. Definition and Meaning of a Deposit. Simply put, a deposit is a sum of money that an individual or entity places into a bank account or financial institution. This amount can be in the form of cash, check, or electronic

deposit demo, Certificate of Deposit (CD) A CD rewards you for leaving your money in the account for a predetermined amount of time. Pulling money out before the term ends will likely.