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Definition | : | Verification Of Deposit |
Category | : | Business » Banking |
Country/ Region |
: | Worldwide
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Initialism
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Verification of Deposit (VOD) is a financial process used to confirm the accuracy of a person or entity's bank account information.
VOD is often required in various financial transactions, such as mortgage applications, loan approvals, or rental agreements, where proof of funds or financial stability is necessary.
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The full form of VOD is Verification Of Deposit
Video on Demand | Veno-Occlusive Disease | Velocity of Detonation | Verification Of Deposit | Verification of Death | Volume of Distribution | Versant Object Database