DEPOSITS

1

Deposits

An amount of money held at a financial institution on behalf of an account holder for safekeeping. For example, one may keep a deposit in one’s checking account to pay for daily expenses instead of hiding one’s money

LOANS

2

Loans

A loan is the act of giving money, property or other material goods to a another party in exchange for future repayment of the principal amount along with interest or other finance charges.

REMITTANCE

3

Remittance

A remittance is the funds an expatriate sends to their country of origin via wire, mail, or online transfer. These peer to peer transfers of funds across borders are economically significant for many countries that receive them.