deposit contract

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 circumstances under which items drawn against the account are properly payable and properly charged against the account.

Black's law dictionary. . 1990.

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

  • 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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