advance deposit account

advance deposit account - A debit account into which a mailer deposits funds that are maintained by the USPS and from which postage is later deducted at the time of mailing. (Also called trust account)

Glossary of postal terms. 2014.

Look at other dictionaries:

  • deposit account — noun a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest • Syn: ↑time deposit account • Hypernyms: ↑savings account * * * noun 1. Britain : a bank… …   Useful english dictionary

  • deposit — ▪ I. deposit de‧pos‧it 1 [dɪˈpɒzt ǁ dɪˈpɑː ] noun 1. [countable] BANKING an amount of money paid into a bank account or held in a bank account, especially when it is earning interest: • Residents have some $4 billion in deposits in local… …   Financial and business terms

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • Advance-fee fraud — African sting An advance fee fraud is a confidence trick in which the target is persuaded to advance sums of money in the hope of realizing a significantly larger gain.[1] Among the variations on this type of scam are the Nigerian Letter (also… …   Wikipedia

  • deposit — de|pos|it1 W3 [dıˈpɔzıt US dıˈpa: ] n 1.) a part of the cost of something you are buying that you pay some time before you pay the rest of it deposit of ▪ A deposit of 10% is required. put down a deposit (on sth) (=pay a deposit) ▪ We put down a… …   Dictionary of contemporary English

  • deposit — /dɪ pɒzɪt/ noun 1. money placed in a bank for safe keeping or to earn interest ♦ deposit at 7 days’ notice money deposited which you can withdraw by giving seven days’ notice 2. money given in advance so that the thing which you want to buy will… …   Dictionary of banking and finance

  • deposit — 1 noun (C) 1 SUM OF MONEY the first part of the money for a house, car, holiday etc, that you pay so that it will be kept for you: put down a deposit (on) (=pay a deposit): We put down a deposit on a house last week. 2 RENT money that you pay… …   Longman dictionary of contemporary English

  • Deposit model — In the field of archaeology a deposit model is a method of identifying the character and degree of survival of buried archaeological remains over a specified area without necessarily excavating the whole area. Following the introduction of… …   Wikipedia

  • trust account — (See advance deposit account) …   Glossary of postal terms

  • Federal Deposit Insurance Corporation — FDIC …   Wikipedia


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