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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.

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.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
After all, the average deposit in these accounts is less than $6,000.
Please see QUALIDATA's WWW site or contact the Centre for further details of deposits, including those deposited with the ESRC Data Archive.
"The growth of deposits, both in terms of amount and number of accounts, reflects increased depositor confidence in the banking system.
The end-2018 domestic deposits across commercial, thrift and rural banks grew 8.8 percent from P11.711 trillion in 2017.
The value of deposits of financial institutions amounted to 1.1 billion manats, which is 1.9 percent less than at the beginning of the year and 22.6 percent less than in February 2018.
Regarding the currency structure, household deposits in domestic currency amounted to KM 5.54 billion or 46.8% of the share, which is significantly higher than 6 years ago when the share of deposits in domestic currency was 36.4%.
Deposits during the first half of the year were mostly peso-denominated and sourced mainly from resident individuals and private corporations.
For the entire 2017, CBR was at 10 per cent, meaning that banks should have paid at least seven per cent on all deposits in savings account, unlike before rate cap when interest on savings averaged 1.6 per cent.
The money of depositors and bank account holders will be guaranteed on the following types of bank accounts: all types of current and saving accounts; all types of branchless banking accounts; fixed term deposits/ accounts; call deposit receipts/security deposit receipts.
|For further advice on Tenancy Deposit schemes, contact your local Citizens Office.
With your rst deposit, receive 100% more value for your money (maximum deposit value up to PS100).
Mokka Exclusiv 1.4T Boracay Blue Monthly payment: PS199 Customer deposit: PS5,256.13 Offers available on orders or registrations between 1st April 2015 and 30th June 2015.