Deposit

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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 ?
I appeal to GSIS to help the depositors get back the unsecured deposits.
The Baker Perkins stand at Interpack (hall/stand number 4C21) will feature a laboratory scale depositor.
i] denotes depositor i's private signal of investment return.
The rules would oblige banks to partially refund depositors if the depositors are found to be at fault or negligent to some degree, with amounts of refunds to be set via talks among the banks and depositors.
It solves a long running issue in the depositor industry of how to give an accurate meaningful readout on a depositor that is an air powered machine, and is the result of a 12 month development programme.
Reductions in depositor (or before that, noteholder) liquidity when banks fail have been identified as a major costly problem almost from the very first bank failure.
Depositors will be paid the same interest rate on all their accounts.
Combined with faster resolution after economic insolvency that reduces depositor losses at the time of r esolution, this strategy makes it more politically possible to resolve even large insolvent banks with losses to uninsured depositors.
By definition, the optimal Diamond-Dybvig deposit withdrawals require that all of the returns from deposited resources be paid out to depositors.
The records of the Philadelphia Saving Fund Society, of course, need to be studied in conjunction with other research materials including the manuscript census, which provides information on age, family size, literacy, the relationship of the depositor to the head of the household.
7001 manats = $1 on March 1) to the depositors of Azerbaijan's DemirBank OJSC, the license of which was revoked in December 2017, the ADIF said in a message March 1.
In an exclusive interview with the Star yesterday, KDIC chief officer Mohamud Mohamud said the corporation plans to introduce risk-based premiums in two years to avoid and mitigate the impact of bank collapse on depositors.