Definition of depositor in English:
A person who keeps money in a bank account.
- The bank has asked depositors to withdraw the money or invest it in alternative investment schemes that the bank is suggesting to them.
- If a depositor owes money to the bank or building society, this will be deducted from any deposits held before compensation is calculated.
- During the bank panic of 1933, he actually invited his depositors to withdraw their money.
Definition of depositor in:
- British & World English dictionary
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