Q.What do you mean by public deposit ?

Business finance is the money a firm needs to establish, run, and grow its operations, covering both fixed capital (for long-term assets like land, buildings and machinery) and working capital (for day-to-day expenses like raw materials and wages). Because needs differ in duration, source and ownership pattern, the many sources available are classified along three bases at once. By period, sources are long-term (over five years, e.g. equity/debentures), medium-term (one to five years, e.g. institutional loans, public deposits) or short-term (under one year, e.g. trade credit, overdraft). By ownership, sources are owned (contributed by owners — equity shares, preference shares, retained earnings, with no fixed compulsory payment) or borrowed (raised from outside lenders — debentures, loans, public deposits, trade credit, which must be repaid with interest regardless of profit). By source of generation, sources are internal (generated from within …