Difference between primary deposit and secondary deposit
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Definition of primary deposit. : a bank deposit consisting of cash, checks, or other demands for payments — compare derivative deposit.
A mineral deposit formed when a primary mineral deposit is subjected to chemical and/or mechanical alteration. Secondary deposits
Consider an initial deposit at a commercial bank. Because of thisdeposit (called a primary deposit), the bank is holding currency. ... The person that gets the loan spends the money which will eventually be deposited in abank. This second deposit is refered to as a derivative depositor secondary deposit.
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Definition of primary deposit. : a bank deposit consisting of cash, checks, or other demands for payments — compare derivative deposit.
A mineral deposit formed when a primary mineral deposit is subjected to chemical and/or mechanical alteration. Secondary deposits
Consider an initial deposit at a commercial bank. Because of thisdeposit (called a primary deposit), the bank is holding currency. ... The person that gets the loan spends the money which will eventually be deposited in abank. This second deposit is refered to as a derivative depositor secondary deposit.
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