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LSDefine

Simple English definitions for legal terms

deposit

Read a random definition: examination pro interesse suo

A quick definition of deposit:

Term: DEPOSIT

Definition: A deposit is when you give your money or other things of value to someone else who promises to keep it safe and give it back to you when you need it. This is often done by putting your money in a bank so that it is safe and easy to access when you need it.

A more thorough explanation:

Definition: The act of giving money or other property to another who promises to preserve it or to use it and return it in kind; especially, the act of placing money in a bank for safety and convenience.

Examples:

  • When you rent an apartment, you usually have to pay a security deposit. This is money that the landlord keeps in case you damage the apartment or don't pay your rent.
  • When you open a bank account, you usually have to make a deposit. This means you give the bank some money to hold for you. You can take it out later when you need it.
  • If you want to buy a house, you usually have to make a deposit to show the seller that you are serious about buying the house. This is called an earnest money deposit.

The examples illustrate the definition of deposit by showing different situations where someone gives money or property to another person or organization for safekeeping or as a sign of commitment. In each example, the person making the deposit expects to get their money or property back at some point in the future.

deportatio | depositary

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General chat about the legal profession.
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[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
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