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What is a deposit What is a deposit


Deposit legal definition of deposit

Usually defined to be a naked bailment of goods to be kept for the bailor, without reward, and to be returned when he shall require it. See also Dane's Abr. Pothier defines it to be a contract, by which one of the contracting parties gives a thing to another to keep, who is to do so gratuitously, and obliges himself to return it when he shall be requested. Deposits, in the civil law, are divisible into two kinds; necessary and voluntary.

A necessary deposit what is a deposit such as arises from pressing necessity; as, for instance, in case of a fire, a shipwreck, or other overwhelming calamity; and thence it is called miserabile depositum. A voluntary deposit is such as arises without any such calamity, from the mere consent or agreement of the parties.

This distinction was material in the civil law, in respect to the remedy, for involuntary deposits, the action was only in simplum; in the other in duplum, or two-fold, whenever what is a deposit depositary was guilty of any default.

The common law has made no such distinction, and, therefore, in a necessary deposit, the remedy is limited to damages co-extensive with the wrong. Deposits are again divided by the civil law into simple deposits, what is a deposit sequestrations; the former is when there is but one party depositor of whatever number composedhaving a common interest; the latter is where there are two or more depositors, having each a different and adverse interest.

These distinctions give rise to very different considerations in point of responsibility and rights. Hitherto they do not seem to have been incorporated in the common law; though if cases should arise, the principles applicable to them would scarcely fail of receiving general approbation, at least, so far as they affect the rights and responsibilities of the parties.

Cases of judicial sequestration and deposits, especially in courts of chancery and admiralty, may hereafter require the subject to be fully investigated. At present, there have been few cases in which it has been necessary to consider upon whom the loss should fall when the property has perished in the custody of the law. There is another class of deposits noticed by Pothier, and called by him irregular deposits.

This arises when a party having a sum of money which he doe's not think safe in his own hands; confides it to another, who is to return him, not the same money, but a what is a deposit sum when he shall demand it. Traite du Depot, ch. The usual deposit made by a person click the following article with a bank is of this nature.

The depositor, in such case, becomes merely a creditor of the depositary what is a deposit the money or other thing which he binds himself to return. This species of deposit is also called an improper deposit, to distinguish it from one that is regular and proper, and which latter is sometimes called a special deposit. There is a kind of deposit which may, for distinction's sake, be called a quasi deposit, which is governed, by the same general rule as common deposits.

It is when a party comes lawfully to the possession of another person's property by finding. Under such circumstances, the finder seems bound to the same reasonable care of it as any voluntary depositary ex contractu. See further, on the subject of deposits, Louis. Bailment; Digest, depositi vel contra; Code, lib. Deposit legal definition of deposit https: Thus, here deposit account is a bank account that pays interest but that imposes the requirement of notice or a penalty in terms of interest before withdrawal can be effected; a deposit receipt is an acknowledgement by the bank that sums have been deposited and are being held for the account of the depositor; a certificate ofdeposit is what is a deposit financial instrument providing a similar acknowledgement but where the claim of the depositor is transferable.

The acceptance of a deposit in the course of carrying on a deposit-taking business in the UK requires authorization from the Bank of England as competent what is a deposit. Thus, in contracts for the sale what is a deposit land, a deposit is regarded not only as part-payment of the purchase price but as a security for the purchaser's due completion of the purchase.

References in classic literature? Stafford owes much of its wealth to the large deposits of the rare china clay found in it from time to time. It was undoubtedly a deposit which Cornelius de Witt, already threatened by the unpopularity with which what is a deposit countrymen were going to honour him, was placing in the hands of his godson; a contrivance so much the more cleverly devised, as it certainly was not at all likely that it should be searched for at the house of one who had always stood aloof from every sort of intrigue.

The deposit intrusted to Van Baerle, and carefully locked up by him, was nothing more nor less than John de Witt's correspondence with the Marquis de Louvois, the war minister of the King of France; only the godfather forbore giving to his godson the least intimation concerning the political importance of the secret, merely desiring him not to deliver the parcel to any one but to himself, or to whomsoever he should send to claim it in his name.

If it did, it would not have any deposits in the savings banks. The deposits average more than one what is a deposit millions a day; and it dominates the call loan market on Wall Street and the stock market. In meeste winkans online casino to get a perfect gradation between two forms in the upper and lower parts of the same formation, the deposit must have gone on accumulating for a very long period, in order to have given sufficient time for the slow process of variation; hence the deposit will generally have to be a very thick one; and the species undergoing modification will have had to live on the what is a deposit area what is a deposit this whole time.

You mean that the return of a deposit of gold which is to the injury of the receiver, online blackjack to win money the two parties are friends, is not the repayment of a debt,--that is what you would imagine him to say?

He might deposit the precious stone in any place especially guarded and set apart--like a banker's or jeweller's strong-room-- for the safe custody of valuables of high price. On the shell it is fast: What is a deposit no established posts and magazines, they make these caches or deposits at certain points, whither they repair, occasionally, for supplies. That accursed removal of the depositsand that tiger, Jackson, have done it all.

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Video embedded · What is a 'Deposit'. A deposit can be one of two things: 1. A transaction involving a transfer of funds to another party for safekeeping. 2. A portion of funds that is used as security or collateral for the delivery of a good.

See deposit defined for English-language learners. See deposit defined for kids. Your paycheck will be automatically deposited into your account. Please deposit your things in your room and return to the what is a deposit lobby. The taxi deposited us at the train station. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'deposit.

Latin deposituspast participle of deponere — see depose. Our records show that she made a large what is a deposit to her account earlier in the month. If you return that empty soda can, you'll get back the five-cent deposit you paid when just click for source bought the soda. The rental car company requires a deposit for drivers under the age of He had surgery to remove calcium deposits from his knee.

Their company has what is a deposit new oil deposits below the ocean floor. In the finance world, a deposit is the placement of funds in an account with a bank or other financial institution.

Many people also use the term to refer to a refundable down payment made to ensure that a future transaction occurs. In the banking world, there are two general types of deposits: Demand deposits are the placement of funds into an волнистую gala bingo online slots могла that allows the depositor to withdraw his or her funds from the account without warning or with less than seven days' notice.

What is a deposit accounts are demand deposits. They allow the depositor to withdraw funds at any time, and there is no limit to the number of transactions a depositor can have on these accounts although this does not mean that the bank cannot charge a fee for each transaction. Time deposits generally refer to what is a deposit accounts or certificates of deposit, and banks and financial institutions usually require 30 days' notice for withdrawal of these deposits.

Individuals and companies often consider time deposits as "cash" or readily available funds even though they are technically not payable on demand. The notice requirement also means that banks may assess a penalty for withdrawal before a specified date.

Time deposits may pay higher interest rates than demand deposits. Demand deposits at commercial banks are part of the M1 money supply calculated by the Federal Reserve.

The Federal Reserve currently does not place reserve requirements on what is a deposit deposits and CDsbut the amount of demand deposits an institution has often dictates all or part of the reserves it must keep on hand either in vault cash or on deposit with the Federal Reserve; the more dollars an institution has in demand deposits, the more dollars it must keep in reserves.

A time deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term whereby the depositor can only withdraw the funds after giving notice. Time deposits generally refer what is a deposit savings accounts or certificates of deposit, and banks and financial institutions usually require 30 days notice for withdrawal of these deposits.

Individuals and companies often consider time deposits as cash, or readily available funds, even though they are technically not payable on demand. The Federal Reserve currently does not place reserve requirements on savings deposits and CDs.

See words that rhyme with deposit Thesaurus: All synonyms and antonyms for deposit Spanish Central: Translation of deposit Nglish: Translation of deposit for Spanish speakers Britannica English: Translation of deposit for What is a deposit speakers.

What made you want to look up deposit? Please tell us where you read or heard it including the quote, if possible. Subscribe to America's largest dictionary and get thousands what is a deposit definitions and advanced search—ad free!

Test Your Knowledge - and learn some interesting things along the way. From country dialect to standard English. Admitting it is the first step. People are ravenous for the truth. Don't get us started on 'bimonthly'. It is in fact a real word but that doesn't mean you should use it. One goose, two geese. What is a deposit up with that? The October quiz in November. Test your vocabulary with our question quiz!

See casinosonline defined for English-language learners See deposit defined for kids. From the M-W Editors. Recent Examples of deposit from the Web British pound notes always hold their value, and while the round, 1-pound coins what is a deposit their legal status this week, they can still be deposited at many commercial banks.

One Billion in Expiring Francs," 20 Oct. The petrodollars earned by Gulf exporters during the oil-price spikes of the s were deposited in American banks, which lent them incautiously to Latin American governments. The storm also submerged the gardens and deposited seaweed everywhere. According to court documents, after Joash's mother died in AprilSocial Security payments continued to be deposited into a joint checking account Joash shared with her.

Children collected deceased moms' Social Security money," 28 Sep. This summer, 14 cruise ships will deposit about 4, tourists in Nunavut, Canada, home to around 1, people, according to its Department of Economic Development and Transportation.

Think about getting your daily steps in by walking to the bank to deposit the check. Slow, methodical strokes of liquid eyeliner Marc Jacobs Beauty What is a deposit Eyeliner in Blacquer went over everything to deposit the truest black color. About a month later, Beck began writing checks out of the dead woman's Edward Jones account and depositing them into his personal and business accounts.

Origin and Etymology of deposit Latin deposituspast participle of deponere — see depose. Recent Examples of deposit from the Web The average rate paid by the biggest U. The company has been criticized for the slow pace of its early production of the new model, which has generated hundreds of thousands of deposits from prospective buyers. Too much money involved to deter schools from cheating," 28 Sep. What is a deposit and Etymology of deposit see 1 deposit. What It Is In the finance world, a deposit is the placement of funds in an account with a bank or other financial institution.

How It Works In the banking world, there are two general types of deposits: What It Is A time deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term whereby the depositor can only withdraw the funds after giving notice.

How It Works Time deposits generally refer to savings accounts or certificates of deposit, and banks and financial institutions usually require 30 days notice for withdrawal of these deposits. Why It Matters Individuals and companies often consider time deposits as cash, or readily available funds, even though they are technically not payable on demand. Related Phrases deposit account deposit slip make a deposit on deposit security deposit. Definition of deposit for English Language Learners.

A deposit may be applied to a purchase price or may be considered partial payment. Like the common-law bailment, the civil law deposit requires either actual or constructive delivery. The Louisiana Civil Code deems the deposit of travelers' belongings with an innkeeper a necessary deposit. The consent required may be express or implied, and because of the what is a deposit of consent, only persons with the capacity to contract can make a voluntary deposit.

Learn More about deposit See words that rhyme with deposit Thesaurus: Seen and Heard What made you want to look up deposit? Need even more definitions? Get Word of the Day daily email! Which is a synonym of lagniappe? Words at Play 'Carat' what is a deposit. Ask the Editors Words of the Year: How Often Is 'Biweekly'? Irregardless It is in fact a real word but that doesn't mean you should use it. Weird Plurals One goose, two geese. How Strong Is Your Vocabulary?

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What is a Certificate of Deposit?

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Definition of deposit in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is deposit? Meaning of deposit as a finance term. What.
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Deposit has two distinct meanings. Meaning one is applied to funds provided as security or collateral for expected delivery of a good. For instance in a real estate acquisition, a deposit .
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