special deposit

A bank deposit that is made for a specific purpose, that is kept separately, and that is to be returned to the depositor.

• The bank serves as a bailee or trustee for a special deposit.

— Also termed specific deposit. [Cases: Banks and Banking 153. C.J.S. Banks and Banking §§ 283–287, 290.]

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词条贡献者

法律翻译Bryan，毕业于新加坡知名法学院，专注翻译各类与私募股权有关的法律文件。