- bank-depositor relation
- nounthe responsibility of a bank to act in the best interests of the depositors• Topics: ↑law, ↑jurisprudence• Hypernyms: ↑fiduciary relation
Useful english dictionary. 2012.
Useful english dictionary. 2012.
fiduciary relation — noun the legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑legal relation • Hyponyms: ↑bank depositor relation, ↑ … Useful english dictionary
bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… … Universalium
bank deposit — A contractual relationship ensuing from the delivery, by one known as the depositor, of money, funds, or even things into the possession of the bank, which receives the same upon the agreement to pay, repay, or return, upon the order or demand of … Ballentine's law dictionary
Medici Bank — For the private bank in Austria that failed due to its investment in Bernard Madoff s Ponzi scheme, see Bank Medici. Medici Bank Industry Banking Key people Giovanni di Bicci, Cosimo de Medici, Piero di Cosimo, Lorenzo de Medici, Francesco… … Wikipedia
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
special deposit — A deposit delivered into the possession of a bank to be kept separate and distinct from the general assets of the bank and to be returned or delivered intact on demand, the title to the thing deposited remaining in the depositor. 10 Am J2d Banks… … Ballentine's law dictionary
Cooperative — This article is about the business organization. For other uses, see Coop (disambiguation). A cooperative (also co operative or co op) is a business organization owned and operated by a group of individuals for their mutual benefit.[1] A… … Wikipedia
certificate of deposit — A written acknowledgment by a bank or banker on the receipt of a sum of money on deposit which the bank or banker promises to pay to the depositor, to the order of the depositor, or to some other person or to his order, whereby the relation of… … Ballentine's law dictionary
float — The use of funds generated as a result of timing differences in the check clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank s reserve account for checks being cleared can be received prior to the time… … Financial and business terms
Monetary policy of the United States — Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account Money market account Certificate of deposit … Wikipedia