Deposit


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Related to Deposit: deposit slip, dictionary, Term deposit

deposit

1. money given in part payment or as security, as when goods are bought on hire-purchase
2. a consideration, esp money, given temporarily as security against loss of or damage to something borrowed or hired
3. Geography an accumulation of sediments, mineral ores, coal, etc.
4. Chemistry a coating produced on a surface, esp a layer of metal formed by electrolysis
5. a depository or storehouse
6. on deposit payable as the first instalment, as when buying on hire-purchase

Deposit

 

(1) A material value (usually money or securities) handed over to a public institution and returnable under prescribed conditions to the individual who deposited it or, according to his instructions, to another person.

In the USSR, deposit operations are performed by judiciary, notarial, customs, medical, and several other institutions. Branches of the Gosbank (State Bank) of the USSR open special deposit accounts for these institutions. Courts have deposit accounts in which money is deposited in pursuance of a judicial decision for transfer to the execution creditors. Money or securities are deposited in a notary’s account if returning them personally to the creditor is impossible: the office of the notary accepts them as a deposit without challenging the grounds for the deposit. The money deposited is kept through the period of limitation of actions (if deposited by fully subsidized institutions, it is kept until the end of the given calendar year) and then is transferred as income to the state budget.

(2) Money placed in banks or savings banks is also called a deposit.


Deposit

 

the amount of money given by one party of the contract to the other party, representing part of payments due under the contract and being an evidence of signing the contract and a security for its execution. According to Soviet civil law, the deposit is one of the means of guaranteeing the fulfillment of obligations under the contract between citizens or with their participation. The law provides for the following in the event of nonperformance of the contract: if the party that gave the deposit is responsible, the deposit remains with the other party; if the party that received the deposit is responsible, it is obliged to pay to the other party double the amount, that is, to return the deposit and to pay in addition an amount equal to the amount of the deposit. The injured party has the right to demand compensation for damages, the amount of the deposit being taken into account unless the contract provides otherwise. The agreement concerning the deposit must be in written form irrespective of the sum of the deposit.

deposit

[də′päz·ət]
(computer science)
To preserve the contents of a portion of a computer memory by copying it in a backing storage.
(geology)
Consolidated or unconsolidated material that has accumulated by a natural process or agent.
(materials)
Any material applied to a base by means of vacuum, electrical, chemical, screening, or vapor methods.
(science and technology)
Any solid matter which is gradually laid down on a surface by a natural process.
References in periodicals archive ?
Tenants also will not be able to use excuses to avoid the deposit of rent as they did under the old law.
To resolve the SAIF's problems, Hawke proposed that "institutions with SAIF-insured deposits could pay a special assessment at a rate sufficient to increase the SAIF's reserves to $1.
THE FISCAL IRRESPONSIBILITY INHERENT in federal deposit insurance prompted Rep.
banks have over 800 branches in 71 foreign nations with about $300 billion in outstanding deposit obligation.
The revised look-back rule (including the procedure for IRS notification of depositor status), the Wednesday-Friday deposit regime (with a three banking-day minimum), and the year-long transition period all demonstrate the IRS's and Treasury's willingness to listen to its stakeholders and the public -- and to act upon what they hear.
The ED goes on to say (in paragraph 12, page 4) that "[i]n estimating the market value of deposit liabilities, a financial entity shall not take into account the value of core deposit intangibles which are separate intangible assets, but not financial instruments.
Otherwise, the deposit may slump when the furnace is poured, filling the lower part of the crucible with a difficult-to-remove material.
However, the companies have located a deposit of fluorite.
Now Treasury and the Congress are sitting on a deposit insurance powderkeg, and the silence is deafening.
BancWest's wholly owned subsidiary bank, Bank of the West, San Francisco, California, has requested the approval of the Federal Deposit Insurance Corporation ("FDIC") under section 18(c) of the Federal Deposit Insurance Act, 12 U.
KFH deposits are five-year investment deposit, Kawthar, continuous investment deposit, three-year investment deposit, Sudra investment deposit, and investment deposits in US dollars, Sterling Pound, and Euro.