Definition of "Deposit receipt"

Susan  Melendez real estate agent
Susan Melendez, Real Estate Agent Kline May Realty

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.

 

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