Special deposit


Also found in: Dictionary, Financial.

SPECIAL DEPOSIT. A deposit made of a particular thing with the depositary: it is distinguished from an irregular deposit.
     2. When a thing has been specially deposited with a depositary, the title to it remains with the depositor, and if it should be lost, the loss will fall upon him. When, on the contrary, the deposit is irregular, as where money is deposited in a bank, the title to which is transferred to the bank, if it be, lost, the loss will be borne by the bank. This will result from the same principle; the loss will fall, in both instances, on the owner of the thing, according to the rule res perit domino. See 1 Bouv. Inst. n. 1 054.

Mentioned in ?
References in periodicals archive ?
A press release issued here said that from January 1st 2018 to June 30, 2018 the bank announced 3.75 percent, 4 percent and 4.50 percent profit rates for PLS, Special deposits and PLS term deposit accounts respectively.
Emilio Neri, economist at the Bank of the Philippine Islands, said it was possible the central bank will raise both the policy rate and the special deposit account rate by 25 basis points next Thursday.
Slotland Mobile will announce special deposit bonuses for mobile casino players in April.
The Nikkei has jumped 2.0% and the Hang Seng is up 0.9% this morning after the Cypriot parliament unanimously voted against the bill on the special deposit tax last night, thereby rejecting the EU scheme to rescue the country's economy.
I work hard and I am for safe investments - such as trust funds and special deposit account for my children," she added.
I will recycle waste electronics, such as washing machines, fridges and televisions - anything with a plug or battery - at special deposit centres ?
It also paid 3 mln euros in a special deposit tax recently introduced by the Cypriot government for a two-year period.
SBI also hiked deposit rates of two special deposit schemes by 0.25 per cent.
Alternatively, you can call us on our special deposit information line: 0700 144 88.
He said the bank offered special deposit schemes for NRIs and also could book forward contracts for clients who wanted to hedge balances in rupee deposits.
The Fed, working with the Treasury Department, said both agencies believe the facility is necessary to prevent substantial disruptions to the financial markets and the economy, and will make a special deposit at the Federal Reserve Bank of New York in support of this facility.
She was a special deposit teller at Shawmut Bank in Worcester retiring in 1993.

Full browser ?