deposit contract

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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 0521329647, page 178:
      Diamond and Dybvig show that a bank offering an ordinary deposit contract can provide allocations superior to those of simple exchange markets.