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Depositor
(redirected from deposit account)

    Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.

DEPOSITOR, contracts. He who makes a deposit.
     2. He is generally entitled to receive the deposit from the depositary, but to this rule there are exceptions; as. when the depositor at the time of making the deposit had no title to the property deposited, and the owner claims it from the depositary, the depositor cannot recover it; and for this reason, that he can never be in a better situation than the owner. 1 Barn. & Ald. 450; 5 Taunt. 759. As to the place where the depositor is entitled to receive his deposit, see Story on Bailm. Sec. 117-120 1 Bouv. Inst. n. 1063.



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Depository institutions sometimes provide overdraft services to deposit account customers as an alternative to a traditional overdraft line of credit.
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