Difference between revisions of "Deposit Funds"
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| − | [[ | + | '''Deposit Funds''' are [[accounts]] established to record amounts held temporarily by the [[Government]] until ownership is determined (e.g., earnest money paid by bidders for mineral leases) or held by the Government as an [[agent]] for others (e.g., [[State]] and local [[income tax]]es withheld from Federal employees’ [[salary|salaries]]). |
| − | [[ | + | [[Category:Budget Terms]] |
Latest revision as of 11:37, July 13, 2016
Deposit Funds are accounts established to record amounts held temporarily by the Government until ownership is determined (e.g., earnest money paid by bidders for mineral leases) or held by the Government as an agent for others (e.g., State and local income taxes withheld from Federal employees’ salaries).