# Income Tax Act 2007, Section 983: Meaning of “deposit”


In this Chapter “deposit” means a sum of money paid on terms which mean that it will be repaid (with or without interest)—
(a) on demand, or
(b) at a time or in circumstances agreed by or on behalf of the person who pays it and the person who receives it.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/983 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-983
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.