Deposit definition

Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.
Deposit means assurance provided by a customer in the form of cash, surety bond or bank letter of credit to be held by BellSouth.
Deposit means a sum of money deposited with the Competition as part of the requirements of membership of the Competition.

Examples of Deposit in a sentence

  • Escrow Agent will be required to (i) hold and maintain the Deposits in a secure, locked, and environmentally safe facility, which is accessible only to authorized representatives of Escrow Agent, (ii) protect the integrity and confidentiality of the Deposits using commercially reasonable measures and (iii) keep and safeguard each Deposit for one (1) year.

  • Escrow Agent may be permitted to duplicate any Deposit, in order to comply with the terms and provisions of the escrow agreement.

  • Bank may place your funds without regard to whether such funds may exceed the Deposit Limit at one or more Program Banks, even if your funds could be placed in one or more Program Banks in an amount less than the Deposit Limit.

  • Bidder’s failure to sign a Purchase Contract after entering a winning bid at the Auction shall be a default under this Agreement and Bidder waives any claim to the Deposit as a result of such Default.

  • In the event that Bidder does not win the Auction, Auctioneer shall refund the Deposit to Bidder within two (2) business days following the date of the Auction.


More Definitions of Deposit

Deposit shall have the meaning set forth in Section 3.1.
Deposit has the meaning set forth in Section 2.2.
Deposit means the amount set out and referred to as the deposit in the Acceptance Form (and that is separately set out in the Schedule of Fees);
Deposit means any advance payment required by the Supplier in relation to the Hire Goods which is to be held as security by the Supplier;
Deposit means a deposit with the Society by any Person and includes a loan to the Society and a subordinated deposit (that is, a deposit which, on a winding up, would fall to be repaid only after repayment in full had been made to the holders of Shares other than Deferred Shares);
Deposit as defined in Section 3.02(a).
Deposit shall have the meaning given in Clause 2 (Deposit)