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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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MIAMI A
[] 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
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