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 ?
Holding R (the payout to all depositors) constant, an increase in K reduces the number of depositors and raises the expected return per depositor, as can be seen by
While Argentina's depositors are thus completely unprotected by their federal government, its economy is booming, and, says Miller, "the banks are doing fine.
About ten percent of PSFS's African American depositors identified themselves as caterers with another twenty-five percent identifying themselves as cooks or waiters.
By definition, the optimal Diamond-Dybvig deposit withdrawals require that all of the returns from deposited resources be paid out to depositors.
Working backward, depositor 2, if patient, chooses the withdrawal probability [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] to maximize his expected utility given his observation of depositor 1's action and his own private signal:
Balances due to depositors in the various classes of deposit accounts carried by the bank must be brought together in one deposit liability register, in order that the new insured deposit of each depositor in each right and capacity may be determined, as required by law.
Depositors will be paid the same interest rate on all their accounts.
PDIC sent notices of payment to depositors with aggregate deposits amounting to P5.
Companies from every part of the world find that thorough trials, often using their own local raw materials and moulds from their production scale depositor, provide a reliable basis for trouble-free commissioning of a new plant or launch of a new product range.
But Iceland has said it will pay foreign depositors the first EUR20,887 as it is obliged to do.
The rules will also oblige banks to reimburse depositors whose savings were withdrawn with stolen bankbooks, the sources said.