Business, Legal & Accounting Glossary
1. The process of transferring deposits from a failed savings institution to a healthy one. Usually, this will involve a fee. 2. The process by which a landlord transfers a tenant’s deposit to another party. This can occur when one tenant subleases to another. Assuming the terms of the contract are not breached, the new party will be the recipient of the deposit at the end of the contract period.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Deposit Transfer are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.