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LSDefine

Simple English definitions for legal terms

depositor

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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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General

General chat about the legal profession.
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thank you!! yeah i also know they always need STEM grads ofc, so i know i have that going for me as well
m10
10:58
Fuck now that Gary Gensler is resigning, this is like a dream job for me. Would love to do securities: https://www.usajobs.gov/job/819640900
m10
10:58
Best job on the wbesite rn.
BulbasaurNoLikeCardio
11:00
If you do it from the attorney side you will be skirting the left and right limits of laws like the NDAA to conduct domestic espionage or how to kidnap or spy on people in foreign countries without committing war/international crimes. JAG would be very very general and location based. At one unit you can be the personal attorney to a commander not even having your own office or desk, next one you can be leading the prosecution of terrorist and rapist and the next one be the legal OK for drone striking people. It is a very varied job you have little control over.
Dkk
11:01
Lmfao, so true.
BulbasaurNoLikeCardio
11:02
The last jag I worked with had a folding picnic table as his desk and had to bring his office chair home every night because people would steal it and he hated using a bucket as a seat. All he did was keep commanders from being fired cause they kept doing illegal shit. It is a varied journey.
Dkk
11:04
This is so true. I still have my folding table. I put alcohol on it now and it is my home bar.
11:04
How do you recommend grooming a child so they become a sf operator?
11:05
Asking for my future child who will get boot camp from birth
Dkk
11:05
Make em read books and hope they go that route.
LSDFan
11:05
give them a TBI as soon as possible
Dkk
11:06
LMFAO
11:06
@Dkk: "im the man of the house now i am buying a gun:
babycat
11:06
For one I would try not asking questions that start with “How do you recommend grooming a child?”
11:06
lol people just have bad connotations with it, is it grooming to have your kid play hockey with you and watch games so they want to play when they turn 6?
Dkk
11:06
@EvolBunny: Maybe, maybe but I think the TBI is better advice.
11:07
yes, is it bad?
gtown baby talk to me .... i know ppl on reddit are mad at u rn maybe like give some As so ppl chill out (mad for valid reason)
Dkk
11:07
From google "TBI stands for traumatic brain injury, which is an injury to the brain caused by an external force"
LSDFan
11:07
all SF operators have TBI's
11:07
@shaquilleoatmeal: what do you mean by invite, interview invite?
11:07
all serial killers drank milk as childs
11:08
children*
11:08
whoore*
BulbasaurNoLikeCardio
11:08
@LSDFan: They call it operator syndrome now at the VA
LSDFan
11:09
lol
11:09
I thought it was door kicker syndrome from all the breaching
Dkk
11:09
Ahh childhood, what a sweet sexual time of discovery. Takes me back.
BulbasaurNoLikeCardio
11:09
Who knew firing thousands of rounds and being next to explosions was bad for our brains
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