# Deposits Glossary > 22 terms from the Banking & Lending book's Deposits part, each defined in a line and linked to the chapter that explains it. - **APSN (authorize positive, settle negative):** charging an overdraft fee when a card purchase approved against a positive available balance settles against a negative one ([Overdraft, NSF & Fees](https://www.syntaqx.com/books/banking-and-lending/overdraft-and-fees#which-balance-decides)). - **APY (annual percentage yield):** the yearly yield on a deposit including compounding, computed by Regulation DD's formula from interest over principal and days in the term ([The Banking & Lending Business](https://www.syntaqx.com/books/banking-and-lending/banking-business#the-life-of-a-deposit)). - **Banking day, business day:** the part of a business day a bank office is open for substantially all its business, when a deposit is received; and any weekday that isn't a federal holiday, which availability deadlines count ([Funds Availability](https://www.syntaqx.com/books/banking-and-lending/funds-availability#what-the-schedule-covers)). - **Certificate of deposit (CD, share certificate):** a time deposit with a maturity of at least seven days, a disclosed early withdrawal penalty and a renewal policy ([Deposit Accounts & Truth in Savings](https://www.syntaqx.com/books/banking-and-lending/deposit-accounts#the-four-shapes)). - **Deposit insurance:** FDIC coverage of $250,000 per depositor, per insured bank, per ownership category ([Deposit Insurance](https://www.syntaqx.com/books/banking-and-lending/deposit-insurance)). - **Early withdrawal penalty:** what a time deposit charges for withdrawing before maturity, usually days of interest on the amount withdrawn; at least seven days' simple interest within six days of deposit ([Deposit Accounts & Truth in Savings](https://www.syntaqx.com/books/banking-and-lending/deposit-accounts#worked-numbers-an-early-withdrawal)). - **Exception hold:** holding a deposit beyond Regulation CC's schedule under one of six exceptions (new account, large deposit, redeposit, repeated overdrafts, reasonable cause, emergency), with a notice ([Funds Availability](https://www.syntaqx.com/books/banking-and-lending/funds-availability#exception-holds)). - **Grace period (time deposit):** the days after a CD matures and renews during which the depositor can withdraw or change terms without penalty, commonly ten ([Deposit Accounts & Truth in Savings](https://www.syntaqx.com/books/banking-and-lending/deposit-accounts#maturity-and-renewal)). - **Money market deposit account (MMDA):** a savings deposit with tiered rates and limited check writing; a deposit, unlike a money market fund ([Deposit Accounts & Truth in Savings](https://www.syntaqx.com/books/banking-and-lending/deposit-accounts#the-four-shapes)). - **NSF (nonsufficient funds) fee, returned item fee:** a fee for refusing to pay a check or ACH debit and returning it, dropped by many large banks since 2022 ([Overdraft, NSF & Fees](https://www.syntaqx.com/books/banking-and-lending/overdraft-and-fees#how-the-platforms-do-it)). - **Overdraft (discretionary):** a bank paying an item the balance doesn't cover, at its discretion, for a per-item fee that isn't a finance charge unless agreed in writing ([Overdraft, NSF & Fees](https://www.syntaqx.com/books/banking-and-lending/overdraft-and-fees#the-product-lines)). - **Overdraft opt-in:** the consumer's affirmative consent, after the Model Form A-9 notice, without which no fee may be charged for an ATM or one-time debit card overdraft ([Overdraft, NSF & Fees](https://www.syntaqx.com/books/banking-and-lending/overdraft-and-fees#the-opt-in)). - **Ownership category:** the legal capacity an account is held in (single, joint, retirement, trust, employee benefit, business, government), each insured separately ([Deposit Insurance](https://www.syntaqx.com/books/banking-and-lending/deposit-insurance#the-ownership-categories)). - **Part 370:** the FDIC rule requiring banks with 2 million or more deposit accounts to compute every account's insured amount within 24 hours of failure ([Deposit Insurance](https://www.syntaqx.com/books/banking-and-lending/deposit-insurance#how-a-bank-computes-insured-amounts)). - **Pass-through insurance:** FDIC coverage that reaches each owner of a pooled custodial account, if the records allow it ([Deposit Insurance](https://www.syntaqx.com/books/banking-and-lending/deposit-insurance#pass-through-coverage)). - **POD (payable on death) account:** an informal revocable trust account whose named beneficiaries take the balance at the owner's death, insured in the trust category ([Deposit Insurance](https://www.syntaqx.com/books/banking-and-lending/deposit-insurance#the-2024-trust-rule)). - **Reasonable period:** the extension Regulation CC presumes reasonable when an exception applies, up to one business day for on-us checks and five for other checks ([Funds Availability](https://www.syntaqx.com/books/banking-and-lending/funds-availability#exception-holds)). - **Regulation CC:** US funds availability and check collection rules ([Funds Availability](https://www.syntaqx.com/books/banking-and-lending/funds-availability)). - **Regulation D:** the Federal Reserve rule defining transaction accounts, savings deposits and time deposits, without the six-transfer limit since April 2020 ([Deposit Accounts & Truth in Savings](https://www.syntaqx.com/books/banking-and-lending/deposit-accounts#regulation-d-after-2020)). - **Regulation DD (Truth in Savings):** the consumer deposit disclosure rule: account disclosures, change and maturity notices, statements and advertising; Part 707 for credit unions ([Deposit Accounts & Truth in Savings](https://www.syntaqx.com/books/banking-and-lending/deposit-accounts#truth-in-savings)). - **Re-presentment:** a payee presenting a returned check or ACH debit again, which can draw a fresh NSF fee unless the bank links it to the original ([Overdraft, NSF & Fees](https://www.syntaqx.com/books/banking-and-lending/overdraft-and-fees#re-presentment)). - **Trust rule (2024):** the FDIC formula insuring trust accounts at $250,000 per eligible beneficiary per owner, up to five ($1,250,000), from April 1, 2024; credit unions from December 1, 2026 ([Deposit Insurance](https://www.syntaqx.com/books/banking-and-lending/deposit-insurance#the-2024-trust-rule)). --- Canonical URL: https://www.syntaqx.com/books/banking-and-lending/glossary/deposits