Definition of depositor in English:

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depositor

Pronunciation: /dɪˈpɒzɪtə/

noun

A person who keeps money in a bank or building society account.
Example sentences
  • 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.
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