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Terence，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与房地产与土地使用诉讼有关的法律文件。