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LSDefine

Simple English definitions for legal terms

depositor

Read a random definition: distribute

A quick definition of depositor:

A depositor is someone who puts money or other things of value into a bank account for safekeeping. This is called a deposit. There are different types of deposits, like a demand deposit that you can take out anytime, or a time deposit that you have to keep in the bank for a certain amount of time. When you make a deposit, you become a depositor.

A more thorough explanation:

A depositor is someone who puts money or other property into a bank account for safekeeping and convenience. For example, when you put money into your savings account, you are a depositor.

There are different types of deposits:

  • Demand deposit: This is money that you can withdraw from your account at any time without telling the bank beforehand.
  • Time deposit: This is money that you agree to leave in your account for a certain period of time or that requires you to give the bank notice before you can withdraw it.
  • General deposit: This is money that is mixed with other depositors' money in the bank. You have a right to the money, but the bank doesn't have to give you the exact bills or coins you deposited.
  • Special deposit: This is money that you deposit for a specific purpose and that the bank keeps separate from other deposits. The bank acts as a trustee for this type of deposit.

Other types of deposits include security deposits, which are given as a guarantee for the performance of a contract, and quasi-deposits, which are made when someone finds property and lawfully possesses it.

Overall, a depositor is someone who entrusts their money or property to a bank for safekeeping and convenience.

deposit of title deeds | depository institution

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windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
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windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
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19:27
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windyMagician
19:27
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windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
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