Noun
One who makes a deposit, especially of money in a bank; -- the correlative of depository.
Source: Webster's dictionaryBut there is nothing that prevents the depositor from paying a penalty and exiting earlier, which can happen if fears of currency collapse overwhelm markets. Source: Internet
This product is offered by all Islamic banking institutions and allows the depositor to leave funds at the bank to be drawn at any time with no interest accumulation, although, in some cases, account maintenance fees are applied. Source: Internet
Many of you are now saying to yourselves that this is not such a big issue to most American’s since the FDIC guarantees bank deposits up to $250,000 per depositor, per insured bank. Source: Internet
When asked if it will be as low as 2.75 per cent on the saving front, Kumar said that it will go for a higher level of up to 4 per cent interest, calling it “apt level” that does not put a strain on the depositor as well. Source: Internet