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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…
Definition of deposits in the Legal Dictionary - by Free online English dictionary and …
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...
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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 …
- Estimated Reading Time: 30 secs
DEPOSIT Definition & Meaning - Black's Law Dictionary
WebFind the legal definition of DEPOSIT from Black's Law Dictionary, 2nd Edition. A naked bailment of goods to be kept for the depositor without reward,and to be returned …
- 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 …
What Is a Deposit? Definition, Meaning, Types, and Example
WebDec 14, 2023 · Maddy Simpson. Investopedia / Theresa Chiechi. A deposit is money held in a bank account or with another financial institution that requires a transfer from one …
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 …
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
Bank Deposits - Investopedia
WebMay 20, 2023 · Bank deposits consist of money placed into banking institutions for safekeeping . These deposits are made to deposit accounts such as savings accounts , …
Definition of DEPOSIT • Law Dictionary • TheLaw.com
WebLegal definition for DEPOSIT: contracts. Usually defined to be a naked bailment of goods to be kept for the bailor, without reward, and to be returned when he shall require it. …
deposit account | Wex | US Law | LII / Legal Information Institute
Webdeposit account. A current account, savings account, or other type of bank account at a banking institution that allows account holders to deposit and withdraw money. …
12 CFR § 204.2 - Definitions. - LII / Legal Information Institute
Web(1) Demand deposit means a deposit that is payable on demand, or a deposit issued with an original maturity or required notice period of less than seven days, or a …
Security Deposit: Definition, Primary Purpose, and Example
WebAug 27, 2023 · A security deposit is money that is given to a landlord, lender, or seller of a home or apartment as proof of intent to move in and care for the...
FDIC Law, Regulations, Related Acts - Federal Deposit …
Web3. DEFINITIONS. As used in this Act--. (a) Definitions of Bank and Related Terms. --. (1) BANK.--The term "bank"--. (A) means any national bank and State bank, and any …
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 …
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...
security deposit | Wex | US Law | LII / Legal Information Institute
WebA 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.
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 …
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 …
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 …
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 …
Direct Deposit: What It Is, How It Works, Benefits & Risks
WebMar 12, 2024 · The term direct deposit refers to the deposit of funds electronically into a bank account rather than through a physical, paper check. Direct deposit requires the …
Signed by the Governor: Tennessee Law Excludes CBDC from …
Web3 days ago · An amendment in the Senate Commerce Labor Committee added language to also exclude CBDC from the definition of a “deposit account.” On April 1, the House …
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