*** A geosynchronous satellite is one
*** that appears to remain over one spot on Earth
Incorrect. That's geostationary satellite.
A geosynchronous satellite is one that has orbital period equal to one siderial day. A geosynchronous satellite does not need to have circular orbit nor does it need to remain in equatorial plane.
Naturally it's better to have a satellite at the same point in the sky and at the same distance, but there are very few positions available for such satellites, only 120 positions separated by 3 degrees. So for many applications people have to settle for geosyncronous sattelites.