Yes. It is a common misconception that a creditor or collector cannot pursue legal action if any payment from the debtor is accepted. Once a contract is in default the lender or collector can take whatever steps allowed under the laws of the debtor's state to recover monies owed.
Can and must
Deposit for Social Security Disability payments..
In most cases, yes. That is the purpose of a deposit- to pay for holding a property for you. There are a few circumstances where your deposit would be returned, but usually not. A DAMAGE deposit should be returned. If you have a written lease, read the lease to see what it says.
Most states which have laws governing (and limiting) deposits consider a pet deposit to be a security deposit, intended to be used for repairing physical damage. Some states forbid any security deposit greater than one month's rent, including a 'pet deposit'. So, yes, if there is no physical damage, the deposit should be returned.
This means the bank has bounced a check that was deposited.
DDA stands for Demand Deposit Account. It is your deposit account. A term used widely in payments industry
Deposit for Social Security Disability payments..
No. CD stands for Certificate of Deposit which is a certificate issued by a bank after they accept the deposit from you. No matter what happens, this money will be returned to you on the date of maturity/completion of this deposit.
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Common methods of payments to employees are direct deposit, paper checks, and PayPal deposits. When given a choice, most employees chose electronic methods of payment (direct deposit or PayPal) due to the convenience.
A half-down non-refundable deposit would be a 50% deposit on what you're making the deposit on (a $700 per month rent apartment might require a half-down deposit, i.e. $350), this deposit will not be returned at the end of the term / deal / transaction.
Yes. If it is a deposit paid to a vendor, then it will be classified as an asset. If it is a deposit received from a customer, then it is a liability. Depending on when it is expected to be returned, you will classify it as either current or non-current.