deposit contract

English

Noun

deposit contract (plural deposit contracts)

  1. (law, banking) A contractual agreement governing the handling of deposited assets, for example in a bank.
    • 1986, David C. Webb, “Comment”, in Recent Developments in Corporate Finance‎, →ISBN, page 178:
      Diamond and Dybvig show that a bank offering an ordinary deposit contract can provide allocations superior to those of simple exchange markets.

Synonyms
  • deposit agreement
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