Verification of deposit real estate glossary definintion

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Real Estate Glossary

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Verification of deposit

Part of the loan process, in which a lender will ask a borrower's bank to sign a statement verifying the borrower's account balances and history.

Related Terms
Certificate of Deposit (CD)
Special deposit account
Low-documentation loan
No-documentation loan
Verification of employment
Straight purchase
Deposit
Earnest money
Variable interest rate
Certificate of deposit index
Liquid assets