Definition of "Deposit receipt"
Maureen Thelen, Real Estate Agent
Urban Premises LLC
Written acknowledgment that money has been paid by someone as a deposit into an account or for the purchase of property or services. Examples are a receipt given by the bank for a deposit made to a savings or checking account, a receipt given to a buyer of real estate who has made a down payment, and a receipt given to a homeowner by contractor for an advance payment for future services to be rendered.
Have a question or comment?
We're here to help.