What is the definition of Accelerated deposit rule? | Dictionary.net

ACCELERATED DEPOSIT RULE

\ɐksˈɛləɹˌe͡ɪtɪd dɪpˈɒsɪt ɹˈuːl], \ɐksˈɛləɹˌe‍ɪtɪd dɪpˈɒsɪt ɹˈuːl], \ɐ_k_s_ˈɛ_l_ə_ɹ_ˌeɪ_t_ɪ_d d_ɪ_p_ˈɒ_s_ɪ_t ɹ_ˈuː_l]\

Definitions of ACCELERATED DEPOSIT RULE

1910 - Black's Law Dictionary (2nd edition)

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If a business totals $100,000 in federal tax in one day it must be in the bank the next day. Once this occurs the business must maintain a semi-weekly deposit for the next two years.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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