You have to deposit $13,740.58 today.
Placing money with an organization, most frequently a bank, is known as making a deposit. The deposit is a credit for the party (individual or organization) who made it, and it may be withdrawn (taken back) in accordance with the terms decided upon at the time of deposit, transferred to another party, or applied to a purchase at a later time. For the most part, banks get their money from deposits. An instant withdrawal or other debit is possible with a demand deposit. Transaction accounts allow for the payment of third parties, whereas savings accounts are typically only payable to the depositor or another bank account and may have withdrawal frequency restrictions.
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