depositor:

(plural: ‘depositors‘; the opposite word in meaning: ‘depository’ → → next entry)

to deposit = to keep one’s money in a financial institution, such as a bank, for safety, on condition that the money can be taken out for use at a given time

a person who deposits money or other valuables with another person, in a bank or other financial institution,

depositors depositing their money

e.g.

A depositor who deposits his/her money in a fixed deposit account with a bank gets more interest on his deposit, but he/she cannot withdraw large sums without notifying the bank authorities well in advance.

A depositor has every right to know about the past, present and future policies of the bank and to get a written guarantee from the bank; however, a depositor must be truthful and must submit genuine documents at the time of depositing the money with the bank.

The more depositors a bank has, the more business and profit a banks makes, and in turn, the bank pays more interest rates to its depositors.

a depositor operating her safe-deposit locker

For an item of news that shows us how we come across this word in our daily reading, please click here,

for another item of news that talks about depositors, please click here,

and for yet another item of news that talks about Irish depositors, please click here.

About the Author:BC Kumar

BC Kumar, an English Language Teacher, taught in numerous countries including Ethiopia, Oman and India, shares his knowledge and passion for the English Language. Disclaimer: This is a free educational website and all content has been compiled by the author. All copyrights to images and videos belong to their respective owners.

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