general deposit

general deposit
general deposit see deposit 2a

Merriam-Webster’s Dictionary of Law. . 1996.

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  • general deposit — A general deposit is where the money deposited is not itself to be returned, but an equivalent in money (that is, a like sum) is to be returned. It is equivalent to a loan, and the money deposited becomes the property of the depositary. See also… …   Black's law dictionary

  • general deposit — A general deposit is where the money deposited is not itself to be returned, but an equivalent in money (that is, a like sum) is to be returned. It is equivalent to a loan, and the money deposited becomes the property of the depositary. See also… …   Black's law dictionary

  • general deposit — A delivery of money or funds into the possession of a bank, whose property the deposit becomes, in return for which the depositor receives a credit of the amount represented by the deposit, against which credit the depositor may draw in the usual …   Ballentine's law dictionary

  • general deposit — noun : a deposit of money under common law made by a depositor in a banking institution that creates a debt of the bank to the depositor to be paid by an equivalent sum but not by return of the identical money and that resembles the irregular… …   Useful english dictionary

  • 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

  • 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 — Verb: To put down, as a deposit of earnest money; to put money or things in a place for storage or safekeeping; to put money in a bank at interest or on checking account. Noun: An accumulation; money or an article deposited. See bank deposit;… …   Ballentine's law dictionary

  • general — From Latin word genus. It relates to the whole kind, class, or order. Leuthold v. Brandjord, 100 Mont. 96, 47 P.2d 41, 45. Pertaining to or designating the genus or class, as distinguished from that which characterizes the species or individual;… …   Black's law dictionary

  • general — From Latin word genus. It relates to the whole kind, class, or order. Leuthold v. Brandjord, 100 Mont. 96, 47 P.2d 41, 45. Pertaining to or designating the genus or class, as distinguished from that which characterizes the species or individual;… …   Black's law dictionary

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