These deposits are typically due within three days of the buyer and seller agreeing to a purchase contract in writing. They can be paid all at once, or broken into two different phases as follows: Phase 1 will typically be between $1,000 and $5,000, regardless of home price. Phase 2 will be the balance due after phase 1. So on a $300,000 purchase price with a required deposit of 3 percent, if you paid $1,000.

1. Initial Deposit Formula

1. The deposits were initially small (2,00010,000 lei), but later, the minimum initial deposit was 20,000 lei, while the maximum was 160,000 lei. This example is from Wikipedia and may be reused under a CC BY-SA license.
2. Initial Deposit means the initial deposit by the Depositor and the Administrative Agent of the aggregate sum of $1,000 into the Down Trust in connection with the formation thereof.
3. No Minimum Deposit or Account Balance Brokers Some brokerage companies have very high minimum initial deposit and balance requirements. For instance, Fidelity requires a $2,500 minimum deposit to open a new brokerage account. TradeStation requires $5,000 for non-daytraders and $25,000 for day-traders to start trading.

On the Closing Date, the Depositor will use the net proceeds of the sale of the Notes and the Trust Certificates to make a capital contribution to the Issuing Entity, which the Issuing Entity shall use to cause the Initial Deposit Amount to be deposited into the Reserve Account.

The Depositary shall accept from the Underwriters, for the benefit of the Escrow Agent such Initial Deposit Amount.

The Initial Deposit Amount will be determined on or before the Issue Date in consultation with the Deposit Counterparty such that, based on the market conditions prevailing at that time, it would enable the Deposit Counterparty to repay the Term Deposit at an amount equal to the Deposit Redemption Amount (as defined hereafter) on the Deposit Scheduled Termination Date.

Under the Deposit Agreement the Issuer will initially deposit, on the Business Day following the Issue Date, a proportion of the net issuance proceeds of the Notes corresponding to the Initial Deposit Amount (as defined hereafter) to the Deposit Counterparty.

The Q-R Interest Holder will determine the Q-REMIC Subordinate Principal Distribution Amount on each Distribution Date for the related Q-REMIC such that, on or prior to the termination of such Q-REMIC, the aggregate of the Q-REMIC Subordinate Principal Distribution Amounts for the related Q-REMIC will equal the excess of (i) the Initial Deposit Amount over (ii) the sum of the amount of all withdrawals permitted pursuant to Section 3.05(e).

Payment to EVR in cleared funds of the Venue Hire Initial Deposit and, if applicable, the Catering Services Deposit.

The proceeds of the offering of Notes will be used, together with the proceeds of the sale of the Preferred Shares, to purchase Portfolio Collateral, to fund the deposits in the Closing Expense Account, the Initial Deposit Account and the Expense Reimbursement Account and to pay organizational, structuring, legal and offering fees and expenses.

In addition, any amounts on deposit in the Initial Deposit Account not applied to purchase (or committed to purchase) Portfolio Collateral by the Ramp-Up Completion Date will be applied as Collateral Principal Collections on the Payment Date in May 2004.

On the Closing Date, the Seller shall deposit the Reserve Account Initial Deposit into the Reserve Account.

Initial Deposit Formula

The Issuer, as a special purpose Cayman Islands company, will have no significant assets other than the Portfolio Collateral, the Cashflow Swap Agreement, the Collection Account, the Initial Deposit Account, the Expense Reimbursement Account, any Securities Lending Accounts and the Closing Expense Account.