deposit contract

English

Noun

deposit contract (plural deposit contracts)

1. (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^[1], →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