LSDefine

Simple English definitions for legal terms

depositary

Read a random definition: arrearage

A quick definition of depositary:

A depositary is a person or a place where you can leave your money or valuable things to keep them safe. It's like a special safe where you can store your important things and know that they will be protected.

A more thorough explanation:

A depositary is a person or institution that you trust to keep your money or valuable items safe. For example, a bank is a depositary where you can keep your money in a savings account. Another example is a safe-deposit company where you can store your valuable items like jewelry or important documents.

John left his jewelry with a safe-deposit company as he was going on a long vacation.
The company's profits were deposited in a bank account, and the bank acted as the depositary for the funds.

The first example illustrates how a safe-deposit company can act as a depositary for valuable items. The second example shows how a bank can act as a depositary for a company's funds.

deposit | depositary bank

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

soapy

8:48

UMN under review! As predicted, decisions are gonna come out early December

HowlEngineer

8:57

Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here

TheAdoptedOne

9:02

almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish

TheAdoptedOne

9:02

Irvine is being snobby and wont start any review until end of Nov.

HowlEngineer

9:14

Yeah, it’s tough. I’m distracting myself by playing good video games after work :)

TheAdoptedOne

9:17

im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website

TheAdoptedOne

9:17

it is not working

HowlEngineer

9:18

Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students

TheAdoptedOne

9:19

i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)

BruceSutter

9:28

There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years

llama

9:28

congrats on the 172 bruce

TheAdoptedOne

9:29

go dawgs fr

llama

9:29

roll tide

jackfrost11770

9:31

do we foresee a fordham election day wave today (i'm delusional)

WorthlessAttractiveZombie

9:31

I think so, Jack

llama

9:31

some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173

llama

9:32

[kevin oleary]

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

WorthlessAttractiveZombie

9:34

I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)

jackfrost11770

9:35

IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES

jackfrost11770

9:35

HELLO

WorthlessAttractiveZombie

9:35

it sent a million times lol

jackfrost11770

9:35

WHAT HAPPENED

TheAdoptedOne

9:35

yeah i thought you were tweaking for a second

jackfrost11770

9:35

i'm so sorry everyone what the actual fuck this website hates me

WorthlessAttractiveZombie

9:35

Jack's just tweaking on LSD no biggie

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