deposit contract
From Wiktionary, the free dictionary
Noun
deposit contract (plural deposit contracts)
- (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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