Suitors’ Deposit Account. An account consisting of suitors’ fees paid in the Court of Chancery that, by the Chancery Act of 1872, were to be invested in government securities bearing interest at 2% per annum on behalf of the investing suitor, unless the suitor directed otherwise.
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deposit account 存款账户；提存账户 储户将钱存入银行，银行据此向储户出具存款单，储户借此赚取利息的账户，实为储户按一定利率贷给银行的贷款。储户对此账户不能开支票提款，且通常需在提款前向银行发出提款通知。该账户亦包括定期存款〔fixed deposits〕在内。
suitors’ deposit account 〈英〉原告存款账户 以前英国衡平法院的原告不能从付给法院的现金中得到收益，除非该现金应原告的请求被用于投资并由原告承担风险。但1872年《衡平法院(基金)法》〔Chancery(Funds) Act〕规定所有已付给法院的金钱，原告又未要求用于投资，则须被投作存款，原告享有2%年利率的利息。现在由1927年《最高法院基金规则》〔Supreme Court Funds Rules〕对此作了规定。
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A demand, time, savings, passbook, or similar account maintained with a bank, savings-and-loan association, credit union, or like organization, other than investment property or an account evidenced by an instrument. UCC § 9-102(a)(29). — Abbr. D.A. [Cases: Banks and Banking 151; Building and Loan Asso-ciations 40. C.J.S. Banks and Banking §§ 266–268, 277–278; Building and
An apparent joint account, but without right of survivorship, established by a creator to enable another person to withdraw funds at the creator’s direction or for the creator’s benefit. • Unlike a true joint account, only one person, the creator, has an ownership interest in the deposited funds. Convenience accounts are often established by those
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savings account. A savings-bank depositor’s account usu. bearing interest or containing conditions (such as advance notice) to the right of withdrawal.
statement of account. 1. A report issued periodically (usu. monthly) by a bank to a customer, providing certain information on the customer’s account, including the checks drawn and cleared, deposits made, charges debited, and the account balance. — Also termed bank statement. See ACCOUNT(4). [Cases: Banks and Banking 151. C.J.S. Banks and Banking §§ 266–268,
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concentration account. A single centralized bank account into which funds deposited at or collected at out-of-area locations are periodically transferred.
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Federal Deposit Insurance Corporation. A federal corporation that protects bank and thrift deposits by insuring accounts up to $100,000, examining banks that are not members of the Federal Reserve System, and liquidating failed institutions. • It was established in 1933 and began insuring banks in 1934. — Abbr. FDIC. [Cases: Banks and Banking 501–508. C.J.S.
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