Redeposit

Redeposit
1. The requirement for a person to reinvest a certain amount of money into their retirement fund after he or she previously requested and obtained a return on the deposits made to the fund during a set time period, in order to receive a certain payout from the fund upon retirement.

2. A cash management policy used by the Bank of Canada, where money is transferred from the central bank to the chartered banks.

1. If an employee is eligible at anytime to request a refund on the contributions made to a retirement fund, they will have to redeposit back into the fund at some point to retain the level of retirement pay they're due to receive before receiving the refund and to maintain the age at which they are eligible to retire. This repayment is referred to as a redeposit service.

2. By transferring money to the chartered banks, there is an injection of funds into the money supply. The purpose of increasing the money supply by a redeposit is to prevent interest rates from climbing too high.


Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Redeposit — Re de*pos it (r? d?*p?z ?t), v. t. To deposit again. [1913 Webster] …   The Collaborative International Dictionary of English

  • redeposit — [spelling only] …   English World dictionary

  • redeposit — verb 1. deposit once again redeposit a cheque • Derivationally related forms: ↑redeposition • Hypernyms: ↑deposit, ↑bank • Verb Frames: Somebody s something …   Useful english dictionary

  • redeposit — v., n. * * * …   Universalium

  • redeposit — verb a) To deposit money again after withdrawing it b) To form into a new accumulation; used especially of sediments moved from an original position …   Wiktionary

  • redeposit — n. act of depositing again, act of putting in again, reinsertion v. deposit again, put in again, reinsert …   English contemporary dictionary

  • redeposit — re·deposit …   English syllables

  • redeposit — re de•pos′it n. v …   From formal English to slang

  • Indirect Rollover — A method of transferring assets from a tax deferred 401(k) plan to a traditional individual retirement account (IRA). With this method, the funds are actually given to the employee via check to be deposited into their own personal account. With… …   Investment dictionary

  • Individual Savings Account — An Individual Savings Account (ISA; pronounced /ˈaɪsə/) is a financial product available to residents in the United Kingdom. It is designed for the purpose of investment and savings with a favourable tax status. Money is contributed from… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”