{"id":360212,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/deposit.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"deposit","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/deposit.html","title":{"rendered":"Deposit"},"content":{"rendered":"\n
\n

term:<\/p>\n

<\/h1>\n\n
\n

vt<\/p><\/dt>\n

1<\/b> :<\/b> to place for safekeeping or as security [may the property with the court]
;esp<\/i>
:<\/b> to put in a bank account
2<\/b> in the civil law of Louisiana<\/i>
:<\/b> to place (movable property) under a deposit [the depository can not make use of the thing ed<\/i> “Louisiana Civil Code<\/i>“]
de·pos·i·tor [di-pÄ -zə-tər]
n<\/i>
<\/b><\/i>
n 1<\/b> :<\/b> the state of being deposited (as in an account) [holding the property on ] compare escrow<\/a>, trust<\/a>
2<\/b> :<\/b> something placed for safekeeping: as
a<\/b> :<\/b> money deposited in a bank esp. to one’s credit <\/p>\n

demand deposit<\/b>
:<\/b> a bank deposit that can be withdrawn without prior notice <\/p>\n

general deposit<\/b>
:<\/b> a deposit of money in a bank that is to the credit of the depositor thereby giving the depositor the right to money and creating a debtor-creditor relationship <\/p>\n

special deposit<\/b>
:<\/b> a deposit that is made for a specific purpose, that is to be returned to the depositor, and that creates a bailment or trust <\/p>\n

time deposit<\/b>
:<\/b> a bank deposit that can be withdrawn only after a set period of time or with prior notice
b<\/b> :<\/b> something given as security see also security deposit<\/a> NOTE: A deposit may be applied to a purchase price or may be considered partial payment. <\/i>
3<\/b> in the civil law of Louisiana<\/i>
a<\/b> :<\/b> the gratuitous transfer of possession of movable property to another for a limited time or specified purpose such that the depositary is liable to some extent for loss or damage to the property see also sequestration<\/a> compare bailment<\/a> hiring loan for consumption<\/i> and loan for use<\/i> at loan<\/a> NOTE: Like the common-law bailment, the civil law deposit requires either actual or constructive delivery. <\/i> <\/p>\n

necessary deposit<\/b>
:<\/b> a deposit compelled by a sudden emergency NOTE: The Louisiana Civil Code deems the deposit of travelers’ belongings with an innkeeper a necessary deposit. <\/i> <\/p>\n

voluntary deposit<\/b>
:<\/b> a deposit that is made by the mutual consent of the depositor and depositary NOTE: The consent required may be express or implied, and because of the requirements of consent, only persons with the capacity to contract can make a voluntary deposit. <\/i>
b<\/b> :<\/b> the movable property that is the object of a deposit [the depositary is bound to use the same diligence in preserving the that he uses in preserving his own property “Louisiana Civil Code<\/i>“]
4<\/b> :<\/b> an act of depositing [upon the of the money in the escrow account]
5<\/b> :<\/b> depository <\/a> [night ] <\/p>\n<\/dd>\n<\/dl>\n

Source: Merriam-Webster’s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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