deposit contract

deposit contract
A contractual agreement governing the handling of deposited assets, for example in a bank.
Syn: deposit agreement

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  • deposit contract — Agreement between a payor bank and a customer that governs the rights and duties of the parties with respect to funds deposited by the customer in a demand or other account maintained at the bank, and that specifies, among other things, the… …   Black's law dictionary

  • deposit contract — Agreement between a payor bank and a customer that governs the rights and duties of the parties with respect to funds deposited by the customer in a demand or other account maintained at the bank, and that specifies, among other things, the… …   Black's law dictionary

  • contract — {{Roman}}I.{{/Roman}} noun 1 written agreement ADJECTIVE ▪ long term, permanent ▪ guaranteed (esp. AmE) ▪ casual (BrE), fixed term (BrE), short term …   Collocations dictionary

  • Contract date —   An ISO term. Date on which the contract is agreed between the parties.   ISO Standard Telex Formats term. 6n or 35x.   ISO Loan/Deposit Contract Forms term. 20x.   See also Date …   International financial encyclopaedia

  • deposit — de·pos·it 1 /di pä zət/ vt 1: to place for safekeeping or as security may deposit the property with the court; esp: to put in a bank account 2 in the civil law of Louisiana: to place (movable property) under a deposit the depository can not make… …   Law dictionary

  • Contract for difference — In finance, a contract for difference (or CFD) is a contract between two parties, typically described as buyer and seller , stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at… …   Wikipedia

  • deposit — n. & v. n. 1 a Brit. a sum of money kept in an account in a bank. b anything stored or entrusted for safe keeping, usu. in a bank. 2 a a sum payable as a first instalment on an item bought on hire purchase, or as a pledge for a contract. b a… …   Useful english dictionary

  • deposit — I v. To commit to custody, or to lay down; to place; to put; to let fall (as sediment). Jefferson County ex rel. Grauman v. Jefferson County Fiscal Court, 273 Ky. 674, 117 S.W.2d 918, 924. To lodge for safe keeping or as a pledge to intrust to… …   Black's law dictionary

  • deposit — I v. To commit to custody, or to lay down; to place; to put; to let fall (as sediment). Jefferson County ex rel. Grauman v. Jefferson County Fiscal Court, 273 Ky. 674, 117 S.W.2d 918, 924. To lodge for safe keeping or as a pledge to intrust to… …   Black's law dictionary

  • Deposit — 1. A transaction involving a transfer of funds to another party for safekeeping. 2. A portion of funds that is used as security or collateral for the delivery of a good. 1. This type of deposit is identical to the money an investor transfers into …   Investment dictionary

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