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- noundeposit (noun) · deposits (plural noun)
- a sum of money placed or kept in a bank account, usually to gain interest:"cash funds which are an alternative to bank or building society deposits"
- a sum payable as a first installment on the purchase of something or as a pledge for a contract, the balance being payable later:"we've saved enough for a deposit on a house"Similar:
- a returnable sum payable on the rental of something, to cover any possible loss or damage:"a refundable $100 deposit is payable on arrival at the villa"
- the action of placing something in a specified place:"the deposit of a thesis in a library gives no guarantee of copyright protection" · "I'd like to make a deposit"
verbdeposit (verb) · deposits (third person present) · deposited (past tense) · deposited (past participle) · depositing (present participle)Originlate 16th century (especially in the phrases in deposit or on deposit): from Latin depositum (noun), medieval Latin depositare (verb), both from Latin deposit- ‘laid aside’, from the verb deponere. - People also ask
- The legal definition of a deposit includes the following points1234:
- A deposit is a bailment of goods or property.
- It can be necessary or voluntary.
- Necessary deposits arise from pressing necessity (e.g., fire, shipwreck), while voluntary deposits result from the consent or agreement of the parties.
- Deposits can be made for security purposes (e.g., placing money in a bank) or to guarantee performance of a contract.
- In landlord-tenant relationships, a deposit is often required to cover expenses beyond normal wear and tear.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Deposits, in the civil law, are divisible into two kinds; necessary and voluntary. A necessary deposit is such as arises from pressing necessity; for instance, in case of a fire, a shipwreck, or other overwhelming calamity. A voluntary deposit is such as arises without any such calamity, from the mere consent or agreement of the parties.www.upcounsel.com/legal-def-depositDeposit Law and Legal Definition Deposit means bailment of goods or property to another who promises to keep it or use it and return it in kind. For example, the act of placing money in a bank for security purpose and convenience. The money or property so given is also known as the deposit.definitions.uslegal.com/d/deposit/Howe v Smith (1884) 27 Ch D 89 defines a deposit in law as: a payment made to secure or guarantee a seller’s performance of the contract. It is considered “security for completion of the purchase”, and unconditional on the actual performance of the contract.www.hughes-paddison.co.uk/site/blog/corporate_a…n. a payment required by a landlord from a tenant to cover the expenses of any repairs of damages to the premises greater than normal "wear and tear."dictionary.law.com/Default.aspx?selected=1901 Deposit legal definition of deposit - TheFreeDictionary.com Legal ...
WEBA deposit is the act of placing money with a bank, or the placement of documents or property with a third party for safekeeping. It can also be a security for a contract or a bailment. The web page provides various legal definitions, sources, and related terms …
See results only from legal-dictionary.thefreedictionary.comDeposits legal definition of d…
Deposits legal definition of deposits. deposit. (redirected fro…
Legal Definition of Deposit - UpCounsel
- Deposits, in the civil law, are divisible into two kinds; necessary and voluntary. A necessary deposit is such as arises from pressing necessity; for instance, in case of a fire, a shipwreck, or other overwhelming calamity. A voluntary depositis such as arises without any such calamity, from the mere consent or agreement of the parties. This distin...
- Estimated Reading Time: 3 mins
DEPOSIT Definition & Meaning - Black's Law Dictionary
WEBDEPOSIT Definition & Legal Meaning. Definition & Citations: A naked bailment of goods to be kept for the depositor without reward,and to be returned when he shall require it …
- Estimated Reading Time: 1 min
deposit Definition, Meaning & Usage | Justia Legal Dictionary
WEBDefinitions of "deposit" The act of leaving something temporarily in a secure place for protection or as a pledge ; The process where movable property is put under a deposit …
Deposits - when are you entitled to your money back - Hughes …
WEBHowe v Smith (1884) 27 Ch D 89 defines a deposit in law as: a payment made to secure or guarantee a seller’s performance of the contract. It is considered “security for completion …
12 CFR § 204.2 - Definitions. - LII / Legal Information Institute
WEB(ii) Money received or held by a depository institution, or the credit given for money or its equivalent received or held by the depository institution in the usual course of business …
Deposit - FindLaw Dictionary of Legal Terms
WEBSearch for a definition or browse our legal glossaries. term: Deposit. deposit vt. 1: to place for safekeeping or as security [may the property with the court] ;esp: to put in a bank …
Deposit Law and Legal Definition | USLegal, Inc.
WEBDeposit Law and Legal Definition. Deposit means bailment of goods or property to another who promises to keep it or use it and return it in kind. For example, the act of placing …
What Is a Deposit? Definition, Meaning, Types, and Example
WEBDec 14, 2023 · A deposit is money held in a bank account or with another financial institution that requires a transfer from one party to another. A deposit can also be the …
Definition: deposit from 12 USC § 1813(l) | LII / Legal Information ...
WEBdeposit The term “deposit” means— Source. 12 USC § 1813(l) Scoping language As used in this chapter
15 U.S. Code § 77b - LII / Legal Information Institute
WEBThe issue or transfer of a right or privilege, when originally issued or transferred with a security, giving the holder of such security the right to convert such security into another …
Bank Deposits - Investopedia
WEBMay 20, 2023 · When someone opens a bank account and makes a cash deposit, they surrender the legal title to the cash, and it becomes an asset of the bank. In turn, the …
Bank deposit legal definition of bank deposit
WEBBank deposit legal definition of bank deposit. deposit. (redirected from bank deposit) Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia . deposit. 1 the …
Deposit Definition & Meaning - Merriam-Webster
WEBLearn the various meanings and uses of the word deposit as a verb and a noun, with synonyms, examples, etymology, and legal terms. Find out how deposit can refer to …
§ 9-102. DEFINITIONS AND INDEX OF DEFINITIONS.
WEB(A) which secures payment or performance of an obligation for: (i) goods or services furnished in connection with a debtor 's farming operation; or. (ii) rent on real property …
Legal Dictionary | Law.com
WEBn. a payment required by a landlord from a tenant to cover the expenses of any repairs of damages to the premises greater than normal "wear and tear." The security deposit …
Legal deposit - Wikipedia
WEBLegal deposit is a legal requirement that a person or group submit copies of their publications to a repository, usually a library. The number of copies required varies from …
deposit - FCA Handbook
WEBdeposit. (1) (except in COMP) the investment, specified in article 74 and defined in articles 5 (2) and 5 (3) of the Regulated Activities Order, which is in summary: a sum of money …
security deposit | Wex | US Law | LII / Legal Information Institute
WEBsecurity deposit. A security deposit is a payment required by a landlord to ensure that a tenant pays rent on time and keeps the rental unit in good condition.
Deposit account - Wikipedia
WEBA deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings …
certificate of deposit (CD) | Wex | US Law | LII / Legal Information ...
WEBCertificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time and during that time, the account accrues interest, which the issuing …
Special Deposit Law and Legal Definition | USLegal, Inc.
WEBSpecial Deposit Law and Legal Definition. A special deposit consists in the placing of specific kinds of money or property in the possession of the bank, with an obligation of …
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