What is the meaning of depositors name?
What is the meaning of depositors name?
depositor. / (dɪˈpɒzɪtə) / noun. a person who places or has money on deposit in a bank or similar organization.
What’s another word for depositors?
What is another word for depositor?
| investor | saver |
|---|---|
| dealer | treasurer |
| teller | house |
| croupier | bank manager |
| money-lender | banking executive |
What is the meaning of relationship with depositor?
Definitions of bank-depositor relation. the responsibility of a bank to act in the best interests of the depositors. type of: fiduciary relation. the legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter.
What is deposit collection?
Collection Deposit Account means (a) any Program Deposit Account and (b) any other Deposit Account that is not an Approved Deposit Account to which Accounts or the Proceeds thereof are paid or credited and, in each case of clauses (a) and (b) above, that is maintained by any Loan Party with a Deposit Account Bank.
Who are the depositors?
A person who is making a deposit with the bank is known as a depositor. The depositor is the lender of the money which will be returned to him/her at the end of the deposit period.
Who are the bank depositors?
depositor in Banking topic From Longman Dictionary of Contemporary Englishde‧pos‧i‧tor /dɪˈpɒzɪtə $ dɪˈpɑːzɪtər/ noun [countable] someone who puts money in a bank or other financial organizationExamples from the Corpusdepositor• Gold-leafed lobbies do not draw depositors.
What is the meaning of Disburser?
Definitions of disburser. someone who spends money to purchase goods or services. synonyms: expender, spender. type of: client, customer. someone who pays for goods or services.
What is the meaning of relationship with the nominee?
Definition: A person who receives the benefit in case of death of the insured person is a nominee. Description: The insured person chooses or nominates his/her nominee at the time of buying the life insurance policy. Nominee is usually the spouse, children or parents.
What do I put for relationship to applicant?
What do you put for relationship on an application? Relationship to applicant means what is your relationship with the applicant. If you are father of your applicant then relationship is the son.
What is the journal entry of deposited into bank?
Debit: The cash is deposited at the bank increasing the balance in the bank account. Credit: Physical cash held by the business reduces when deposited at the bank. It should be noted that the cash deposit bank journal entry simply transfers cash from one location to another, the asset the business has is always cash.
What is deposits and its types?
Traditionally, there are four types of bank deposits in India, which are – Current Account, Recurring Deposits, Savings Accounts, and Fixed Deposit Accounts. Each type has its advantages.
Do depositors have voting rights?
Rates of interest offered on public deposits are usually higher than that offered on bank deposits. The amount raised from public deposits is generally used by the company for meeting the requirement of working capital. (iv) The control of the company is not diluted as the depositors do not have voting rights.
Who is a depositor in a bank account?
a person or company that puts money into a bank account: Four hundred small depositors closed their accounts. (Definition of depositor from the Cambridge Business English Dictionary © Cambridge University Press)
What does the word depositor mean in English?
depositor noun [C] (MONEY) a person who keeps money at a bank: Depositors will be informed of any change in interest rates. (Definition of depositor from the Cambridge Academic Content Dictionary © Cambridge University Press)
Who is a depositor and what is a Withdrawer?
depositor – a person who has deposited money in a bank or similar institution investor – someone who commits capital in order to gain financial returns withdrawer – a depositor who withdraws funds previously deposited
When does a depositor receive a receipt of deposit?
where [S.sub.i] denotes depositor i’s private signal of investment return. When the depositor deposits a will, he will receive a receipt of deposit. Summary: Britain has secured agreement from the Icelandic authorities to repay money paid out by the Government in compensation to UK depositors.